-Down to Earth 100,000 young children and teenage girls are victims of 'bonded labour' in Tamil Nadu; dalit girls worse off An international organisation working for welfare of workers has drawn attention to the hazardous and exploitative working conditions of young girls working for the garment sector in Tamil Nadu. An estimated 100,000 children and teenage girls are working in extremely oppressive conditions in the spinning mills and garment factories in Tamil Nadu,...
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Raise pension under EPS to Rs 3,000 a month: BJP
-The Times of India NEW DELHI: BJP on Wednesday made a strong pitch for increasing the minimum pension to beneficiaries under the employees pension scheme (EPS) to Rs 3,000 per month and link it to the price index, against Rs 1,000 proposed by the government. "The BJP demands that the minimum pension under EPS 95 (EPF Pension) should be declared at Rs 3,000 per month and not at Rs 1,000 as government...
More »PF set to cover all pay, not jut basic pay -Sidhartha
-The Economic Times NEW DELHI: You may end up saving more in the months ahead with the Employees Provident Fund Organization (EPFO) readying to re-notify a new definition of "compensation" that will include all your allowances, amid intense lobbying against the move by industry bodies. Currently, employers get away by contributing only 12% of the basic salary and dearness allowance, which is not paid by most companies, towards their share of "matching"...
More »Sahara India under EPFO scanner for payment defaults-Surabhi
-The Indian Express Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the country. Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing...
More »Aadhaar numbers sought
-Deccan Herald Bangalore: The Employees’ Provident Fund Organisation has requested the employers to furnish the Aadhaar numbers of their existing PF subscribers to embed the information in the bank accounts of beneficiaries. The schemes of the EPFO involving transfer of benefits to beneficiaries have been identified for implementation of direct cash transfers from January 1, 2013. The Organisation has asked the employers to maintain the information in excel format till the...
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