Employees’ Provident Fund Organisation (EPFO) Current Affairs, GK & News

Dip in EPF Savings- Highlights

According to Union Government, about 7.63 million salaried workers have used their retirement savings to deal with covid-19 crisis since 2020. Back then, centre had allowed EPF subscribers to withdraw more money from their Employees’ Provident Fund corpus so that they can deal with hardships and income loss. What does it reflect? EPFO’s (Employees’ Provident ..

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Additional benefits under ESIC & EPFO schemes for dependents of workers

Ministry of Labour and Employment has announced additional benefits for workers under ESIC and EPFO schemes for the dependents of workers passing away due to Covid-19 disease. Highlights Additional benefits will help in reducing fear and anxiety of workers about well-being of their family members because of increasing incidences of death. What was existing norm? ..

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EPFO Scheme: Rs 764 crore released to the pensioners

On May 5, 2020, the Employees Provident Fund Organization has released Rs 764 crores to the pensioners. Highlights Around 135 field offices of the scheme processed the payment. This has been done in advance to avoid inconvenience of the pensioners during lock down. The bank branches all over the country have been directed to make ..

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GoI launches “SPICe+” to improve Ease of Doing Business in the country

On February 24, 2020, the Government of India launched SPICe+, a web form that integrates 10 services of various ministries and departments. This will help boost Ease of Doing Business in India. It was launched by the Ministry of Corporate Affairs. India ranked 63rd in Ease of Doing Business ranking published by World Bank. Highlights ..

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Facts Box: Drafts Security Code

The Union Government recently circulated the Draft Security Code that integrates existing labor laws and provides new initiatives to provide social security to workers of unorganized sector, insurance and helath benefits to gig workers. It includes drivers of private vehicle hiring services as well. The code also aims at corporatization of organizations like ESIC And ..

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