Current Affairs

GK MCQs Section

Employees’ Provident Fund Organisation

ESIC to pay 50% of 3 months’ average wages as Unemployment benefit

In a recent notification, the Employees’ State Insurance Corporation declared to relax their norms, to aid the people who became jobless amid the COVID-19 outbreak with 50% of...

August 21, 2020

EPF contributions to revert to old levels from August

As part of relief measures of the Government of India for both employers and employees during the COVID 19 pandemic, Employees’ Provident Fund (EPF) contribution was slashed by...

July 30, 2020

8.65 Per Cent rate of interest notified for EPFO Subscribers

The government has approved 8.65 per cent interest rate on employees provident fund for 2018-19. This will be credited into the accounts of over 60 million subscribers of...

September 20, 2019

Draft Code on Social Security, 2019

The draft code amalgamates eight laws. It includes Employees Provident Fund and maternity benefits. The code was published by the Ministry of Labor and Employment. 4 major codes...

September 20, 2019

PM Launches National Pension Scheme for Small Traders and Self Employed Persons

Prime Minister Narendra Modi launched the National Pension Scheme for Traders and Self Employed Persons with annual turnover not exceeding Rs 1.5 crore. About the Scheme It is...

September 13, 2019

ESIC payroll data suggests 2 crore jobs created in 16 months

The Employees State Insurance Corporation (ESIC) payroll data released by the Central Statistical Office (CSO) suggests 2 crore jobs created in 16 months. The ESIC data is one of...

February 27, 2019

Pradhan Mantri Shram Yogi Maan-Dhan (PM- SYM)

The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) announced in the interim budget 2019 has been notified by the Ministry of Labour and Employment. Features of the PM-SYM PM-SYM...

February 16, 2019

Kirit Somaiya committee on labour to examine functioning of Employees Provident Fund Organisation (EPFO)

The parliamentary standing committee on labour, which is headed by BJP MP Kirit Somaiya, will examine the functioning of retirement fund body Employees Provident Fund Organisation (EPFO), its...

October 22, 2018

EPFO offers e-pass book to subscribers

The Employees’ Provident Fund Organisation (EPFO) is offering e-passbook facility to its subscribers. Over 50 million of the subscribers can avail e-passbook along with details of their updated...

July 27, 2012

Government hikes interest rate on SDS, SPF, GPF to 8.8% for 2012-13

Interest rates have been increased on the following Schemes for the year 2012-13 to 8.8% from 8.6% currently: Special Deposit Scheme (SDS) State Provident Fund (SPF) General Provident...

May 25, 2012

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