Maharashtra Labour Minister Akash Fundkar on Tuesday said 'gig...
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Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services
A forum of 10 trade unions has given a 17-point charter of demand....
Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin
The inclusion of UPS under the tax framework marks another step...
No proposal to change retirement age of govt employees: Centre
"No proposal to change the retirement age of government employees is under consideration of the government," Union Minister of State for Personnel Jitendra Singh said New Delhi: The government is not considering any proposal to change the retirement age of its...
EPFO achieves a historic high of 21.6 million claim settlement as on March 6
At present, 96 per cent corrections are being done without any EPF office intervention, and over 99 per cent claims are received through online mode New Delhi: Retirement fund body EPFO settled a record number of 21.6 million claims through the autonomous process in...
India advancing with labour welfare, quality employment and social justice: Govt
Sumita Dawra, Secretary, Ministry of Labour and Employment and Gilbert F. Houngbo, Director General, International Labour Organisation(ILO) at ILO meet in Geneva The contribution of India’s flagship institutions and schemes such as EPFO (7.37 crore contributing...
Ex-judge Ganediwala who gave controversial verdicts to get pension on par with HC judge
Ganediwala had sought for pension as HC's additional judge, contending that it should be irrespective of the fact whether she voluntarily retired or superannuated after attaining a specific age Mumbai: The Bombay High Court on Thursday said Pushpa Ganediwala, the...
Employees Provident Fund Organisation (EPFO) will soon launch the “EPFO 3.0 version,”with ATM withdrawal
"In the coming days, EPFO 3.0 version will come. This means EPFO will become equivalent to a bank. Like how transactions are carried out in a bank, you (EPFO subscribers) have your Universal Account Number (UAN) and you will be able to do all your work," Union Labour...
SC issues contempt notice to Punjab for failing to implement pension scheme
"In spite of repeated undertakings given to the high court, compliance has not been made by the state government. Therefore, we issue showcause notice to K A P Sinha, chief secretary, State of Punjab calling upon him to showcause why action under the Contempt Of...
China to ‘formulate’ policies for elderly, focus on boosting birth rates
China's population fell for a third consecutive year in 2024, as marriages plummeted by one-fifth, the biggest drop on record, despite efforts by authorities to encourage young couples to wed and have children. Rapid ageing has become a growing concern in the world's...
Relevance of gold as asset class to rise in coming years Nageswaran
Chief Economic Advisor V Anantha Nageswaran said it is very important to remember the relevance and the importance of gold for a portfolio, a store of value etc, more so in the backdrop of the likely ascending importance of gold in the coming years. New Delhi: Gold...
EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh crore in 2024-25, up from 44.5 million claims totaling Rs1.82 lakh crore in the previous year. The 8.25 per cent interest rate in 2023-24 was based on EPFO’s record investment income of Rs 1.07 lakh...
Demographic reality – a growing elderly population with fewer working-age people
Jad Ariss, managing director of the Geneva Association, said: “The longevity revolution is one of the defining challenges – and opportunities – of our time. Insurers are uniquely positioned to help people navigate longer lives. This will require bold innovation and...