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$adminprix = 'admin' $rn = object(App\Model\Entity\Article) { 'id' => (int) 39947, 'title' => 'Govt proposes to hand over EPFO corpus of Rs 10 lakh crore to a central body', 'subheading' => '', 'description' => '<div align="justify"> -The Economic Times<br /> <br /> <em>Labour ministry proposes to hand over reins; dedicated funds for provident fund, pension & insurance schemes to be administered by a Central Board.<br /> <br /> NEW DELHI: </em>The labour ministry has proposed to hand over control of the over Rs 10 lakh crore corpus of provident fund, pension and insurance schemes under the Employees’ Provident Fund Organisation (EPFO) to a central body, which will have a central government-appointed chairman. Unlike the central board of trustees of the EPFO, the labour minister will no longer be the chairman of the board, as per the proposal. <br /> <br /> The ministry has circulated a fresh draft of the social security code which will merge, simplify and rationalise the relevant provisions of the existing eight central labour laws and create a central board of trustees to administer these schemes. It has proposed that the government create dedicated funds for all three schemes that will be administered by this central board, thus undermining the autonomy of these institutions. <br /> <br /> Please <a href="https://economictimes.indiatimes.com/news/economy/policy/govt-proposes-to-corporatise-epfo-esic-appointment-of-ceos-for-first-time/articleshow/71188466.cms?fbclid=IwAR03KdCPBlyNIySo8fois5nf6G8rlR7xKXJegA7va06dhJcBTqGRbkdDPEc&from=mdr">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Economic Times, 19 September, 2019, https://economictimes.indiatimes.com/news/economy/policy/govt-proposes-to-corporatise-epfo-esic-appointment-of-ceos-for-first-time/articleshow/71188466.cms?fbcl', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'govt-proposes-to-hand-over-epfo-corpus-of-rs-10-lakh-crore-to-a-central-body-4688079', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688079, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'The Economic Times, 19 September, 2019, https://economictimes.indiatimes.com/news/economy/policy/govt-proposes-to-corporatise-epfo-esic-appointment-of-ceos-for-first-time/articleshow/71188466.cms?fbcl' $titleText = 'Govt proposes to hand over EPFO corpus of Rs 10 lakh crore to a central body' $descText = ' -The Economic Times Labour ministry proposes to hand over reins; dedicated funds for provident fund, pension & insurance schemes to be administered by a Central Board. NEW DELHI: The labour ministry has proposed to hand over control of the over Rs 10 lakh crore corpus of provident fund, pension and insurance schemes under the Employees’ Provident Fund Organisation (EPFO) to a central body, which will have a central government-appointed chairman. 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Unlike the central board of trustees of the EPFO, the labour minister will no longer be the chairman of the board, as per the proposal. <br /> <br /> The ministry has circulated a fresh draft of the social security code which will merge, simplify and rationalise the relevant provisions of the existing eight central labour laws and create a central board of trustees to administer these schemes. It has proposed that the government create dedicated funds for all three schemes that will be administered by this central board, thus undermining the autonomy of these institutions. <br /> <br /> Please <a href="https://economictimes.indiatimes.com/news/economy/policy/govt-proposes-to-corporatise-epfo-esic-appointment-of-ceos-for-first-time/articleshow/71188466.cms?fbclid=IwAR03KdCPBlyNIySo8fois5nf6G8rlR7xKXJegA7va06dhJcBTqGRbkdDPEc&from=mdr">click here</a> to read more. <br /> </div>', 'credit_writer' => 'The Economic Times, 19 September, 2019, https://economictimes.indiatimes.com/news/economy/policy/govt-proposes-to-corporatise-epfo-esic-appointment-of-ceos-for-first-time/articleshow/71188466.cms?fbcl', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'govt-proposes-to-hand-over-epfo-corpus-of-rs-10-lakh-crore-to-a-central-body-4688079', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4688079, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'The Economic Times, 19 September, 2019, https://economictimes.indiatimes.com/news/economy/policy/govt-proposes-to-corporatise-epfo-esic-appointment-of-ceos-for-first-time/articleshow/71188466.cms?fbcl' $titleText = null $descText = ' -The Economic Times Labour ministry proposes to hand over reins; dedicated funds for provident fund, pension & insurance schemes to be administered by a Central Board. NEW DELHI: The labour ministry has proposed to hand over control of the over Rs 10 lakh crore corpus of provident fund, pension and insurance schemes under the Employees’ Provident Fund Organisation (EPFO) to a central body, which will have a central government-appointed chairman. 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