EPFO likely to appoint 3 AMCs as fund managers
Now the proposal finalised would be placed before the EPFO’s apex decision-making body Central Board of Trustees.
EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangers
The appointment of the fund managers for another term of three year...
Can I claim standard deduction from pension received from EPFO?
"The standard deduction of up to Rs 50,000 is available for income from salar...
EPFO recovers Rs 459 crore PF dues out of Rs 1,251 crore outstanding in 2018-19
The total backlog or outstanding provident fund dues of EPFO during 2018-19 was Rs 791.63 crore, Labour Minister Santosh Gangwar said in a written reply to the Rajya Sabha.
Provident funds lend more to states in chase for better returns
The hike in investment to state government bonds could also be on account of a flight to safety from private bonds.
EPFO says it will stick to 8.65% rate for FY19
The finance ministry has objected to the proposal for increasing the payout for 2018-19 to 8.65% from 8.55% and sought a review. EPFO has cited adequate reserves to counter the objection.
No investment in group cos, EPFO to portfolio managers
In the past, cross investments by asset managers has led to value erosion.
EPFO bars portfolio managers from investing in group companies
The apex retirement body floated a ‘Request for Proposal’ last week for taking up the responsibility of portfolio managers.
How EPFO plans to redeem half of its DHFL bonds
EPFO had invested about Rs 1,300 crore in DHFL bonds about five years ago through private deals.
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