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The Latest Breaking News from EPF

Pension concerns: On the EPFO recommendation

The doubling of minimum pension will not result in a strain

The Hindu

Malaysia to Appoint PNB Chief to Lead Biggest Pension Fund

Malaysia is reportedly set to appoint the chief of Permodalan Nasional Berhad (PNB), the country's largest institutional fund manager, as the head of the E...

Top News

Kharge lashes out at BJP, says only 12.2 lakh formal jobs added in 5 years

Congress president Mallikarjun Kharge on August 4 claimed that India under the Modi government has added only 12.2 lakh formal jobs in the past five years, and said that for the survival of the poor and middle class, the BJP needs to be “thrown out of power”.

The Hindu

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Data | The contours of India’s ‘formal jobs’ crisis

The Indian government has been using the Employees Provident Fund (EPF) scheme’s data as a measure of payroll employment and formal job creation since 2017. The monthly data released from this initiative has generally shown an increase in the number of contributors, which is portrayed as evidence of employment creation…

The Hindu

Union government approves 8.15% interest rate for PF deposits

The CBT had recommended an increase to 8.15% from 8.10% interest to the deposits on March 28, 2023. Read more on The Hindu.

The Hindu

Govt ratifies 8.15 pc interest rate on Employees Provident Fund for 2022-23

The order came after the Finance Ministry’s concurrence to the EPF rate of interest approved by EPFO trustees earlier in March this year. Read further on Dynamite News:

Dynamite News

Hungary blocks next tranche of EU off-budget military support for Ukraine

Hungary did not approve the disbursement of the next tranche of military support for Ukraine provided under the EU's European Peace Facility (EPF), a government spokesman's office said on Tuesday.

Reuters

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Extend deadline by 6 months for online submission of consent for higher PF pension: Kerala MP

With the period stipulated by the EPFO expiring on May 3, 2023 for sections of employees and pensioners to exercise joint option along with their employers for higher PF pension, the demand has been made by John Brittas, MP from Kerala, for extending the deadline by six months.

The Hindu

Malaysians face poverty after retirement as pension crisis looms

Many Malaysians dipped into their pension during pandemic, but 81 percent of contributors face poverty in retirement.

Al Jazeera

EU seals deal to supply Ukraine with a million rounds of shells

Estonian defence minister says agreement ‘shows me one thing: if there is a will there is a way’

The Guardian - UK

EU to propose three-track plan to boost Ukraine ammo supplies

The European Union is set to propose a three-track plan to provide Ukraine with much-needed ammunition in response to some member states’ calls to ramp up the continent’s production capacity, but the amount of funding remains unclear.

Tribune News Service

EU states to top up fund used for Ukraine arms purchases by 2 billion euros

European Union countries will replenish a fund that has been used to pay for military support for Ukraine with another 2 billion euros ($2.10 billion), two diplomats told Reuters on Thursday.

Reuters

No loss of interest for EPF subscribers: Finance ministry

NEW DELHI: The finance ministry has said there is no loss of interest rate for EPFO subscribers and the delay in crediting interest for the last fiscal is due to software upgrade being conducted.

The Times of India

Convention of midday meal workers to be held on Oct. 13

Midday meal workers from across Karnataka would participate in it to highlight their demands

The Hindu

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The Hindu

Morning Digest | White House calls OPEC’s supply decision ‘shortsighted’; EPF members can’t see interest due to software upgrade, and more

A select list of stories to read before you start your day

The Hindu

SC reserves judgment in EPFO case

Lawyers for the government stress that EPS is meant to support poor workers

The Hindu

SC begins hearing of EPFO appeal against Kerala High Court judgment

The Kerala HC set aside amendments on ‘determination of pensionable salary’ under the Employees’ Pension Scheme of 1995 as ‘ultra vires’

The Times of India

Lowest in 40 years: Govt approves reduction of EPF interest rate to 8.1% for FY22

NEW DELHI: The government on Friday approved lowering interest rate on employees' provident fund (EPF) to 40 year low of 8.1 per cent for financial year 2021-22.

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The Hindu

EPF pension adalat

Pensioners from four Malabar districts can make use of opportunity

The Hindu

The fineprint on the new tax on Employees’ Provident Fund income

What are the guidelines on taxing Provident Fund contributions? Who is going to be impacted?

The Hindu

Operational guidelines for taxing EPF issued

Those who don’t link their PAN to the savings account will be charged at 20%

The Hindu

Opposition MPs raise rate cut on EPFO deposits in Lok Sabha

Members also demand increase in minimum pension under EPS

Al Jazeera

The war on gender: An unholy east-west crusade

Global web of ultraconservative groups is identified in EU and its fringe working to weaken democracy and human rights.

The Hindu

Formalisation of jobs continued during second wave: Economic Survey

Data from the Employees’ Provident Fund Organisation (EPFO) suggested that not only had formalisation of jobs continued through the second wave of the COVID-19 pandemic, but the adverse impact on form

The Hindu

EPFO to appoint auditor to track fund managers

Investments to be scrutinised daily.

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