You could soon get the option to lower your EPF contribution. Should you go for it?
Financial planners say reducing contribution to the EPF will have far reaching implications for the employee.
Coconut output drops 10% to lowest in 4 years
Slump due to erratic weather patterns, general neglect of crop.
Maharashtra portfolios: Sena gets Home, NCP Finance, Congress Revenue
A statement from the CM's office said that Shiv Sena leader Eknath Shin...
Labour Ministry proposes changes in Trade Unions Act
It has been alleged that the central and state government do not give due weightage to trade unions or their federation in the absence of any statutory backing, other than by the labour ministry.
EPFO members may get an option to draw pension after 60
The proposal to increase the superannuation age is expected to help a beneficiary grow his/her pension kitty.
Trade unions to skip meeting of Labour ministry, protesting exclusion of INTUC
The Labour ministry has called for a meeting on September 13 to review the Trade Unions Act.
Govt wants minimum laws, maximum governance : Labour Secretary H L Samariya
The labour ministry wants to introduce four Codes which would subsume all labour laws in more simplified and rationalised form.
Govt notifies 8.65% interest rate for over 6 crore EPFO members for 2018-19
The EPFO has been settling EPF withdrawal claims at 8.55 per cent interest rate, approved for 2017-18. Now, the EPFO will settle accounts on higher rate of 8.65 per cent for 2018-19.
Labour Ministry puts on hold quarterly jobs survey
As per govt data, over 35 lakh jobs were added between Sept 2017 and March 2018. But the 6th and 7th QES shows two lakh jobs created between April-Sept 2017.
Centre, states need to pursue labour law reforms: SBI report
Currently, there are about 44 central labour laws and over 100 state labour laws.
Rules for recruitment of hindi translators in EPFO notified
These will be Group-B non-ministerial role position and anyone below 30 years of age can apply for the post.
No proposal to privatise Ordnance Factory Board: Defence Ministry
"Rumours being spread that OFB is being privatised are misguiding and with the intent to mislead workers," the ministry said in a statement.
Govt proposes to hand over EPFO corpus of Rs 10 lakh crore to a central body
Labour ministry proposes to hand over reins; dedicated funds for provident fund, pension & insurance schemes to be administered by a Central Board.
EPFO to be sole regulator for all categories of PFs: Parliamentary panel to Labour Ministry
The Committee is convinced that a strong regulatory system should be in place for all PF trusts.
Labour ministry plan for workers’ health & safety board may get stakeholder nod
Trade unions and employers meeting later this week is expected to approve the proposed labour code on occupational safety, health and working conditions.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service