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The Karnataka High Court has directed Bruhat Bengaluru Mahanagara Palike (BBMP) to comply with the order of Regional Provident Fund Commissioner directing it to deposit an amount of Rs 90,18,89,719...
The Regional Provident Fund Commissioner of Bengaluru in October 2017 passed an order directing the BBMP to deposit the amount along with interest in accordance with Section 7A of Employers’ Provident Fund & Miscellaneous Provision Act, 1952. The pourakarmikas union had filed a petition seeking implementation of the order while the BBMP has challenged it.
The Employees' Provident Fund Organisation (EPFO) in India has introduced automated solutions for damages and interest calculations to improve the ease of doing business for employers. This will enable employers to check their liability towards the retirement fund body every time they log in to their EPF portal.
EPFO Full Form is Employees' Provident Funds Organization - Know what EPFO stands for, meaning, description, example, acronym for, abbreviation, definition and its full name.
Retirement fund body EPFO net added 15.41 lakh subscribers in September 2021, reflecting a growing trend in net payroll additions post the second wave of the pandemic.