Employees' Provident Fund Organisation Current Affairs, GK & News
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 average wages of three months as unemployment benefit. Highlights The people who lost their job between March 24 and December 31 will get the benefit. A total ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs • India Nation & States Current Affairs
Topics: COVID-19 • Employees' Provident Fund Organisation • Employees' State Insurance • Government of India • Unemployment
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 4% for the months of May, June and July but from August onwards, the deduction will be as the old rates. Background In May 2020, the Finance ..
Month: Current Affairs - July, 2020
Category: Government Schemes Current Affairs • India Nation & States Current Affairs
Topics: Employees Provident Fund • Employees' Provident Fund Organisation • EPF
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 EPFO. The government had approved an interest rate of 8.55 per cent for 201-18. Central Board of Trustees Recommendation The Central Board of Trustees which is the ..
Category: Government Schemes Current Affairs
Topics: 401 • Economy • Employees' Provident Fund Organisation • Government of India • India • Pensions
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 The code on social security will combine 44 labor laws into 4 codes. They are wages, occupational safety, working conditions and health. Unorganized Sector According to the ..
Topics: Economy • Employees' Provident Fund Organisation • Government • Government of India • India • Indian labour law • Labour law • Maternity Benefit (Amendment) Act • Pension • Social programs • Taxation in the United States • Unorganised Workers' Social Security Act
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 a voluntary and contributory pension scheme for traders in the age group of 18 to 40 years The scheme provides for minimum assured pension of Rs 3,000 ..
Category: Government Schemes Current Affairs
Topics: Aadhaar • Atal Pension Yojana • Employees' Provident Fund Organisation • Employees' State Insurance • Government of India • In India • Income tax in India • India • Indian labour law • National Pension System • Pension • Pensions in India
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 payroll numbers released by the Central Statistics Office (CSO) in its reports based on people joining various social security schemes run by Employees Provident Fund Organisation (EPFO) ..
Month: Current Affairs - February, 2019
Topics: Central Statistical Office • Central Statistics Office • CSO • Employees' Provident Fund Organisation • Employees' State Insurance Corporation • EPFO • ESIC • national pension scheme • NPS • Pension Fund Regulatory Development Authority • PFRDA