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Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16

Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16

Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 percent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate.

'Govt considering EPFO's voluntary pension scheme proposal'

'Govt considering EPFO's voluntary pension scheme proposal'

The Labour Ministry is actively considering proposal of a voluntary pension scheme mooted by the Employees' Provident Fund Organisation (EPFO), a senior government official has said.

Govt hikes minimum wage; Unions stick to September 2 nationwide strike call

Govt hikes minimum wage; Unions stick to September 2 nationwide strike call

Seeking to dissuade labour unions from a nationwide strike on September 2, the government Tuesday announced 42 percent minimum wage hike and a two-year bonus, but the trade bodies rejected these measures as "completely inadequate" and stuck to their call.

EPFO set to hike proportion of ETF investments

EPFO set to hike proportion of ETF investments

Retirement fund body EPFO will on July 7 take a decision on increasing investments in stock markets through ETFs, as they have started giving returns, Labour Minister Bandaru Dattatreya said Tuesday.

Government's U Turn on EPF

The government could give 8.8% interest rate on 2015-16 EPF. to know more watch the full news story.

Modi govt revises EPF interest rate again; hikes it to 8.8%

Modi govt revises EPF interest rate again; hikes it to 8.8%

This is the third rollback on EPF. Last month the government was forced to withdraw the Budget proposal to tax a certain portion of withdrawals.

Third PF roll-back: Govt raises EPF interest rate to 8.8% from 8.7%

Third PF roll-back: Govt raises EPF interest rate to 8.8% from 8.7%

In yet another roll back, Finance Ministry has retracted its earlier decision of lowering the EPF interest rate for 2015-16, and agreed  to return to 8.8 percent as earlier.

Executive order soon for Rs 10,000 minimum wage for contract workers

Executive order soon for Rs 10,000 minimum wage for contract workers

The Centre will issue an executive order to ensure contract workers get a minimum wage of Rs 10,000 per month, Union Minister of State for Labour and Employment Bandaru Dattatreya said on Sunday.

Some relief for Vijay Mallya: Labour Ministry gives clean chit to Kingfisher Airlines

Some relief for Vijay Mallya: Labour Ministry gives clean chit to Kingfisher Airlines

The Labour Ministry on Tuesday gave a clean chit to Vijay Mallya's now defunct Kingfisher Airlines in connection to non-payment of EPF stating that there was no complaint against the airlines.

Labour Ministry to probe Kingfisher Airlines' PF contributions

Labour Ministry to probe Kingfisher Airlines' PF contributions

Beleaguered businessman Vijay Mallya, who is facing legal proceedings for allegedly defaulting on loans of over Rs 9,000 crore from various banks, is currently under scanner by multiple agencies, including CBI.

EPFO trustees may fix interest on PF for 2015-16 on Nov 24

EPFO trustees may fix interest on PF for 2015-16 on Nov 24

Retirement body EPFO's trustees are likely to consider and approve a proposal to fix rate of interest on PF deposits for over five crore subscribers for the current fiscal in their meeting scheduled on November 24.

Air India may see another strike as pilots oppose Labour Ministry move

Air India may see another strike as pilots oppose Labour Ministry move

National carrier Air India is staring at yet another industrial unrest with a majority members of one of its pilots' unions favouring a strike against a Labour Ministry notification on exclusion of flight commanders from the workmen category.

EPFO panel approves raising insurance cover to Rs 5.5 lakh

Retirement fund body EPFO's panel on its pension and insurance schemes has approved a proposal to increase the maximum amount assured under the EDLI scheme to Rs 5.5 lakh from Rs 3.6 lakh.

Labour Ministry says nationwide strike had minimal impact

As a day-long nationwide strike was observed on Wednesday by various trade unions, the government said the call did not have much impact even as it hinted at meeting the workers' "aspirations" on nine out of 12 demands.

Myanmar approves first-ever national minimum wage

Myanmar's government has approved the country's first-ever national minimum wage, state media reported Saturday, after months of bitter negotiations with labour groups and employers.

New policy for domestic workers: Govt proposes Rs 9,000 minimum pay, mandatory leaves

To protect the interest of domestic workers, the government is readying a national policy that proposes a minimum salary of Rs 9,000 per month for the skilled full-time household helps, along with a host of benefits including social security cover and mandatory leaves.

Govt working on proposal to raise minimum wages

The government is working on a proposal to raise minimum wages of workers, a top Labour Ministry official said Tuesday.

`EPFO may invest more in equities next year`

The comments come as India`s Employees` Provident Fund Organisation (EPFO) said on Thursday it would invest in stocks this year for the first time.

EPFO to give members options for investment of their funds

Retirement fund body EPFO plans to give an option to its subscribers to choose from various investment products where they want their money to be invested and a larger focus might be eventually on the equity market.

EPFO to invest around Rs 410 crore in ETFs every month

Retirement fund body EPFO has decided to invest around Rs 410 crore in exchange trade funds (ETF) every month during the current fiscal.