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EPFO Maximum insurance amount increased to Rs 7 lakh under EDLI scheme - ईपीएफओ: ईडीएलआई योजना के तहत अधिकतम बीमा राशि बढ़ाकर 7 लाख रुपये हुई

EPFO Maximum insurance amount increased to Rs 7 lakh under EDLI scheme - ईपीएफओ: ईडीएलआई योजना के तहत अधिकतम बीमा राशि बढ़ाकर 7 लाख रुपये हुई
livehindustan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livehindustan.com Daily Mail and Mail on Sunday newspapers.

Labour Min hikes maximum sum assured payable under EDLI scheme to Rs 7 lakh

Labour Min hikes maximum sum assured payable under EDLI scheme to Rs 7 lakh SECTIONS Last Updated: Apr 29, 2021, 08:44 PM IST Share Synopsis The Employees Provident Fund Organisation s (EPFO) Central Board of Trustees (CBT), headed by Labour Minister Santosh Gangwar, had decided to hike the maximum sum assured under the EDLI scheme to Rs 7 lakh at its virtual meeting held on September 9, 2020. PTI The labour ministry has implemented a decision of retirement fund body EPFO s trustees to hike the maximum sum assured payable under the Employees Deposit Linked Insurance Scheme, 1976 to Rs 7 lakh from the existing Rs 6 lakh. The Employees Provident Fund Organisation s (EPFO) Central Board of Trustees (CBT), headed by Labour Minister Santosh Gangwar, had decided to hike the maximum sum assured under the EDLI scheme to Rs 7 lakh at its virtual meeting held on September 9, 2020.

श्रम मंत्रालय ने ईडीएलआई योजना के तहत अधिकतम बीमा राशि बढ़ाकर 7 लाख रुपये की

श्रम मंत्रालय ने ईडीएलआई योजना के तहत अधिकतम बीमा राशि बढ़ाकर 7 लाख रुपये की
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

The Hindu Explains | Why is the government tweaking the National Pension System?

What are the major changes being proposed to the NPS? The story so far: Started as the New Pension Scheme for government employees in 2004 under a new regulator called the Pension Fund Regulatory and Development Authority (PFRDA), the National Pension System (NPS) has been open for individuals from all walks of life to participate and build a retirement nest-egg. Given the dominance of informal employment in India, the Employees’ Provident Fund Organisation, which is contingent on a formal employer-employee relationship, only covers a fraction of the workforce. The NPS has been gradually growing in size and now manages ₹5.78 lakh crore of savings and 4.24 crore accounts in multiple savings schemes. Of these, over 3.02 crore accounts are part of the Atal Pension Yojana (APY), a government-backed scheme for workers in the unorganised sector that assures a fixed pension payout after retirement. The rest constitute voluntary savings from private sector employees and self-employed i

epfo: Formal job creation maintains its pace with 1 23 million jobs created under the EPFO in February

Synopsis Provisional payroll data from the Ministry of Statistics and Programme Implementation, released on Friday, the number of exits under EPFO stood at 0.28 million in February compared to 0.53 million in January which have been revised upwards from 0.26 million last month. The net subscribers added under EPFO in December were 0.94 million, 0.69 million in November, 0.90 million in October and 1.23 million in September. Formal job creation in India maintained its pace with 1.23 million jobs created under the Employees Provident Fund Organisation in February while 1.15 million subscribers were added under the Employees State Insurance scheme. The National Pension Scheme saw second highest addition in the fiscal at 58,250 it in February after April 2020 clocked the highest addition at 64,647.

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