PM Narendra Modi announces labour reforms

Prime Minister Narendra Modi on Thursday announced the much-awaited labour reforms in a bid to curb inspector raj and allow conducive business environment in the country.

Digital signature registration not mandatory for f

Retirement fund manager EPFO has not made it mandatory for employers with more than 1,000 workers to register their digital signatures with it, Parliament was informed today.

Digital signature registration not mandatory for firms: EPFO

Retirement fund manager EPFO has not made it mandatory for employers with more than 1,000 workers to register their digital signatures with it, Parliament was informed today.

PF-related complaints piling up at DPG

Provident fund management has sprung up as a major concern area in view of maximum complaints received against EPFO.

EPFO fails to fix interest rate; FinMin to decide

The Employees` Provident Fund Organisation failed to
take a decision today on the interest rate to be paid to its
subscribers for 2011-12.

EPFO takes away ‘suspense’ from interest account

Retirement fund body EPFO Wednesday decided to rename `Interest Suspense Account` as `Interest Account`, a step to clear the ambiguity over whether it is a regular account or not.

UID to now replace PF account number

The retirement fund manager EPFO plans to replace PF account number with unique identification number.

EPFO cannot claim damages from employers for delayed payment

The Madras High Court bench here has ruled that the EPFO cannot claim damages from employers for delayed payment of their contribution "if there is no intention to commit a prohibited act behind the delay.

`Private PF trusts can pay 9.5% interest, too`

Brushing aside apprehensions, retirement fund manager EPFO Wednesday said PF trusts set up by corporates can pay a higher interest rate of 9.5 percent for 2010-11 as they may also have surplus in their accounts.

EPFO trustees to decide interest rate on Sept 15

Retirement fund manager EPFO`s trustee would decide on September 15 the rate of interest on deposits for its over 4.71 crore subscribers for 2010-11 fiscal.

PF depositors to get 8.5% return for 2010-11

Retirement fund manager EPFO`s key advisory body Finance and Investment Committee (FIC) has recommended 8.5 percent interest on provident fund deposits for 2010-11, the same return given to subscribers for the past five years.

EPFO defers key decisions on investment options

Retirement fund manger EPFO`s
apex decision making body Central Board of Trustees (CBT)
on Saturday deferred a decision on investing 3-5 percent of its
Rs 2.57 lakh crore corpus in stock indices.

EPFO may buy long-term govt bonds from secondary markets

The retirement fund manager EPFO
will soon be allowed to purchase long-term government bonds
with maturity of 10 years or more from the secondary market.

EPFO`s panel turns down proposal to invest in indices

Under pressure from employees`
representatives, a key advisory body of retirement fund
manager EPFO today rejected the Finance Ministry`s proposal to
invest 3 to 5 per cent of the Rs 2.57 lakh crore corpus in
stock indices.

Finance, labour mins differ on bringing EPFO under service tax

The finance and labour ministries
have locked horns over the issue of bringing retirement fund
manager EPFO under the service tax net.

EPFO decision on entering stock mkts likely by Dec 5

If the Finance and Investment Committee of the EPFO, scheduled to meet here on December 1, takes a final call on investing a portion of its massive corpus in capital markets, as much as Rs 13,000 crore could flow into equities.

ICICI Pru EPFO`s top fund manager; provides 8.77% returns

ICICI Prudential has retained the top position among the Employees` Provident Fund Organisation`s (EPFO) fund managers giving 8.77 percent return during the one-year period ending September 2009.

Decision on investing EPFO funds in stock market deferred

The Finance and Investment
Committee, the key advisory body of the Employees` Provident
Fund Organisation (EPFO), on Thursday deferred a decision on
investing EPFO funds in the stock market.

Allow EPFO to invest funds in capital markets: Assocham

Assocham on Sunday urged the trustees of the Employee`s Provident Fund Organisation to favourably consider the Finance Ministry`s recommendation to allow EPFO to invest about 5 percent of its corpus in capital markets.

EPFO favours parking 3-5% corpus in stock market

The Employees Provident Fund
Organisation has started looking for options to park 3-5 per
cent of its huge corpus of Rs 2.57 lakh crore of retirement
fund in stock markets to earn better returns.