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Employees Provident Fund Organisation

20 Apr 2022

EPFO adds 14.12 lakh net subscribers in February 2022

The month-on-month comparison of payroll data reflects a slight increase of 31,826 net subscribers in Feb. On a year-on-year comparison, February 2022 saw an increase of 1,74,314. The age-group of 18-25 years constitutes around 45 per cent of total net enrolments during the month.

Bhupender Yadav

13 Feb 2022

Labour minister to review criteria for setting up ESIC hospitals

Keeping the need of nursing staff in ESIC Hospitals, the minister announced to open a nursing college in Manesar. The announcement was welcomed by the Haryana chief minister with the commitment of providing 5-acre land for this nursing college.

Ministry of Labour

24 Nov 2021

New Wage Rate Index series released, base year revised to 2016 from 1963-65

The new series of WRI with base 2016=100 will replace the old series with base 1963-65. The government periodically revises the base year for major economic indicators. The tweaks reflect the changes in the economy and to capture the wage pattern of workers.

21 Nov 2021

E-Shram Update: Enrolment rising on portal, 8.43 crore registered till Nov 20

As on November 20, 8,43,89,193 unorganised sector workers have registered on the portal. The portal was started about 12 weeks ago. The states of West Bengal, Odisha, Uttar Pradesh and Bihar posted the highest average growth rates.

27 Aug 2021

Govt unveils e-SHRAM portal: Here’s how to register for e-SHRAM card

The unorganised workforce will get a new e-SHRAM card with a unique 12-digit number. The registration process will be totally free and this card will be acceptable across the country. Labour Ministry also unveiled a national toll-free number “14434" for all registration-related queries.

01 Jun 2021

Good news for PF subscribers! 8.5 % interest to be credited on THIS date

As per sources, the Labour Ministry had given a go-ahead to the proposal in this regard and interest will be credited into beneficiaries account by July end itself. Last year, the PF subscribers waited for around 8 to 10 months to get their interest rate. Previously, the Employees Provident Fund Organisation had kept the interest rate unchanged at 8.5 percent. Besides, the EPFO had asked employees to withdraw more money amid the second wave of the COVID-19 pandemic.

15 Sep 2020

No data available on migrant deaths due to COVID-19 lockdown: Government tells

The govt has informed the Parliament that it does not have any data regarding the number of migrants who died or were injured during migration to their native places due to the coronavirus-induced lockdown across the country. Union Labour Minister Santosh Gangwar told the Lok Sabha on Monday, "No such data is available." The Union Minister said this in a written reply to a question asked by BJD member Bhartruhari Mahtab on the "the number of such labourers died/ injured during migration to their native places due to such lockdown, State/ UT-wise". A nationwide lockdown was imposed on March 25 to contain the spread of coronavirus infections.

14 Apr 2020

Govt sets up control rooms to address migrant workers' plight during lockdown

The Labour Ministry on Tuesday (April 14, 2020) said that it has set up 20 control rooms on a pan-India basis to address wage-related grievances and to mitigate problems faced by migrant workers amid the lockdown period to contain the coronavirus crisis.

Cabinet meeting

13 Mar 2020

Modi govt approves 4% hike in DA for central employees

Modi government approves 4 per cent DA hike the central government employees. The decision will be effective from January 1, 2020.

05 Mar 2020

EPFO cuts interest rate on PF deposits to 8.5%: Here’s the impact on you

EPFO on Thursday slashed interest rates on provident fund deposits to a seven-year low of 8.5 per cent for the current financial year. Here's how it will impact you.

minimum monthly wage

05 Sep 2017

Centre yet to fix a sum as minimum monthly national wage

Seeking to clear the air, the labour ministry on Tuesday said the Centre has not fixed Rs 18,000 as national minimum monthly wage under the Code on Wages Bill.

Labour Ministry

28 Aug 2017

EPFO to trim investments in AAA bonds; may pump Rs 3,000 crore into AA+ rated corp bonds: Labour Minister

The Employees Provident Fund Organisation or EPFO at a recent meeting decided to cut the current investment of Rs 15,000 crore in AAA-rated bonds by Rs 3000 crore and invest that amount in AA+bonds.

Employment exchanges

24 Jul 2017

Less than 1% of registered job seekers got placed: Government

In 2013, the placement was over 0.7 percent. In the year prior to that, however, the number is slightly better at over 0.9 percent.

Labour Ministry

26 Jun 2017

Wage Code, factories bill to be pushed in monsoon session

The Code on Wages Bill has already been approved by the ministerial panel, and will soon be placed for the Union Cabinet nod.

09 Apr 2017

Conduct special audit of PF trusts: Panel to labour ministry

A parliamentary panel has asked the labour ministry to conduct special inspection or audit of private EPF trusts that have been found to be investing their workers' retirement savings in own firms through mutual funds.

15 Mar 2017

Cabinet nod likely to double gratuity cap to Rs 20 lakh

The proposed amendment is being brought to bring the maximum ceiling amount to Rs 20 lakh in line with the 7th Central Pay Commission's recommendations as accepted by the government.

23 Feb 2017

Gratuity ceiling for private sector employees to be raised to Rs 20 lakh

Formal sector workers may soon be eligible for up to Rs 20 lakh tax-free gratuity as central trade unions have agreed on the proposal in a tripartite consultation with the Labour Ministry.

14 Feb 2017

Labour Min, FinMin agree on 8.65% EPF interest: Dattatreya

Labour Minister Bandaru Dattatreya on Tuesday said 8.65 percent interest rate on EPF deposits for this fiscal will soon be ratified by the Finance Ministry and there is no difference of opinion on the issue.

23 Jan 2017

Budget may levy new cess to provide social security to coolies

Government may announce a new cess in the forthcoming Union Budget 2017-18 to cover around 20,000 railway coolies under social security schemes run by the retirement fund body EPFO.

Labour Ministry

26 Nov 2016

Govt to launch campaign to open workers' bank accounts today

Labour Ministry will launch a campaign in association with Department of Financial services to open bank accounts of workers, who do not have one till date, in the organised as well as unorganised sector on Saturday.

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