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Union Minister of Labour and Employment Bhupender Yadav chairs ESIC meeting - New Delhi Times

The 189th Meeting of Employees’ State Insurance Corporation was held on December 4 at ESIC Headquarters under the Chairmanship of Bhupender Yadav, Union Minister for Labour and Employment, and Environment, Forest and Climate Change. During the meeting several important initiatives were announced. Acknowledging the considerable increase in the number of Insured Workers and their dependents… ....

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Provident Fund Interest Rate Cut to Four-Decade Low of 8.1%

This is the lowest interest rate since 1977-78 on deposits that employees make towards their retirement fund. Interest rate on employees provident fund that year stood at 8%. ....

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EPFO faces ₹1,163 cr. defaults in investments

Necessary action is taken in each such case, says Minister
The Employees’ Provident Fund Organisation (EPFO) has faced ₹1,163.14 crore defaults in its investments, the Labour and Employment Ministry informed the Rajya Sabha on Wednesday.
To a question by CPI MP Elamaram Kareem, Labour and Employment Minister Santosh Kumar Gangwar said the EPFO had made “investments in various bonds and other instruments following the pattern of investments notified by the government of India that have so far been beneficial to it”.
However, he said the securities belonging to the Dewan Housing Finance Corporation Ltd (₹760.69 crore), Infrastructure Leasing & Financial Services Limited (₹106.23 crore), Reliance Capital Limited (₹292.64 crore), Punjab State Industrial Development Corporation Ltd (₹2.98 crore) and Punjab Financial Corporation (₹60 lakh) “have resulted in default of certain principal amounts and interest due”. ....

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