Employee Provident Fund (EPF) Current Affairs - 2020

Indian Air Force launches MY IAF Application

On August 24, 2020, the Indian Air Force launched MY IAF mobile application. The application provides career related information and job details to candidates. Highlights The mobile application will hold details related to selection process, syllabus, training, payment and other relevant details. The launch is a part of Digital India initiative. It was developed by Read More…

Rs 20 Lakh crore Economic Package: MSME, EPF, NBFC, MFI, Real Estate Benefited

The Government of India had earlier launched Pradhan Mantri Garib Kalyan Yojana. Under which Rs 1.7 lakh crore was allocated. The Lock Down 4.0 that is to be launched on May 18, 2020 will operate under Atma Nirbhar Bharat Abhiyan. Highlights Under the new scheme, the Finance Minister Nirmala Sitaraman announced 15 different measures. Of Read More…

EPFO Scheme: Rs 764 crore released to the pensioners

On May 5, 2020, the Employees Provident Fund Organization has released Rs 764 crores to the pensioners. Highlights Around 135 field offices of the scheme processed the payment. This has been done in advance to avoid inconvenience of the pensioners during lock down. The bank branches all over the country have been directed to make Read More…

Social Security Code Bill introduced in Lok Sabha

On December 11, 2019, the social security code bill was introduced in Lok Sabha. The bill paves way for universalization of social security of 50 crore workers in the country. Key Features of the bill The bill proposes setting up of a social security fund to fulfill benefits such as medical cover, pension, death and Read More…

EPFO signs Agreement with Five Banks

The Employees’ Provident Fund Organisation (EPFO) has inked an agreement with four private banks and Bank of Baroda for the purpose of collection of provident fund dues from the employers and payments to its subscribers. Salient Facts This is the first time the EPFO has roped in private banks, namely, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank. Earlier, the EPFO Read More…