Mobile app for Employees Provident Fund members launched

Retirement fund body EPFO today launched a mobile application and other phone-based services like accessing PF account details for its over 3.54 crore subscribers, 49.22 lakh pensioners and 6.1 lakh employers.

Labour Ministry to push reforms in Monsoon session

The government's key labour reforms bills on industrial relations, wages code, small factories and EPF are likely to be introduced in the next monsoon session of Parliament, sources said.

EPFO to invest in equity and related instruments

Government has notified a new investment pattern for Employees' Provident Fund Organisation (EPFO) providing for investment in equity and related instruments, which would entail an investment of Rs 5,000 crore in the equity market annually.

Workers may get to choose between EPF and NPS for pension

The proposal is part of the bill to make comprehensive amendments to the Employees' Provident Funds and Miscellaneous Provisions Act 1952.

New PF rules may lower your take-home salary

Employees as well as employers may have to shell out more towards Employees Provident Fund (EPF), with the government proposing to include all allowances in the wages for deducting PF contribution.

Trade unions against increasing minimum pension, retirement age

A national co-ordination committee comprising all trade unions in the country for Employees Retirement Pension Benefits (1995) has strongly opposed the raising of retirement age from 58 to 60 years.

New solar lamp for developing countries like India

A Swiss start-up has developed a new solar lamp that is more effective, safer and less expensive than the traditional oil lamp used by more than one billion people in the world, including in India.

Rate reduction in EPF resented in Rajya Sabha

The slashing of EPF interest by 1.25 percent was on Monday strongly resented by members in the Rajya Sabha with opposition demanding higher interest rate.

India picks HSBC, 3 others for $79 bn EPF

India's 3.5 trillion rupee (USD 79 billion) Employee Provident Fund will be managed by State Bank of India and the asset management units of HSBC, ICICI Bank and Reliance Capital, a government official said.