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Tougher EPFO norms for employees -Neeraj Chauhan

-The Times of India NEW DELHI: The EPFO (Employees' Provident Fund Organization), which manages lifetime savings of 6.15 crore individuals, has just made life tougher for workers. Employees will now have to prove that their employers deducted the statutory dues while giving them salaries, a move that will further benefit construction companies and contractors in particular who often claim that they have paid salaries to thousands of workers without actually transferring...

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Higher pension ball lands in Cabinet's court-Amiti Sen

-The Economic Times The labour ministry has moved a Cabinet note saying the government should raise the monthly pension for organised-sector workers to Rs 1,000 and fund the differential, despite the proposal cutting no ice with finance ministry. The Cabinet note, moved by Labour Minister Mallikarjun Kharge, has put out three options, but his ministry is keen that the burden of providing the extra pension does not fall on employees. "We have proposed...

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Delhi Metro workers losing crores in wages -Anumeha Yadav

-The Hindu Allotted fake Provident Fund accounts by contractors Workers hired through multiple contractors by the Delhi Metro Rail Corporation (DMRC) here have alleged that companies have been denying them their minimum wages and have allotted fake Provident Fund and health insurance accounts to siphon off their money. Questioned about this, officials said that while they were aware of the workers’ complaints, they had not yet blacklisted any company, despite the fact that...

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Govt wants EPFO pension raised to Rs 1,000 a month

-The Times of India  The labour ministry has written to the finance ministry recommending that the minimum monthly pension for members of the Employees Provident Fund Organization (EPFO) be raised to Rs 1,000 per month. Who will fund the additional Rs 539 crore per year that this will cost, the government or workers, however remains a fraught issue. The EPFO currently has 35 lakh pensioners as its subscribers, of whom 7 lakh...

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Eye on polls: Minimum PF pension of Rs 1,000 a month likely-Vikas Dhoot

-The Economic Times Nearly 6 crore formal sector employees could look forward to retiring with a minimum pension of Rs 1,000 a month, in addition to their provident fund savings, if the finance ministry green signals a labour ministry proposal to increase the pension of PF subscribers.   At present, most provident fund subscribers receive less than Rs 500 a month as pension after decades of service, with some getting as low as...

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