EPFO Current Affairs - 2020

Category Wise PDF Compilations available at This Link

Portal Santusht launched: To implement policies of Labour Ministry at grass root level

The Portal Santusht is an Implementation Monitoring Cell that was launched by the Ministry of Lobour and Employment in January 2020. The portal addresses delivery of public services, their transparency, accountability, schemes and policies at grass root level.

Highlights

The portal aims to address the speedy redressal of grievances of workers ans employers. It monitors services that are provided by the health insurance and EPFOs (Employment Provident Fund Organization). Also, it monitors the services provided by the ESICs (Employment State Insurance Corporation) to the formal sector workers.

ESIC

The ESIC is a statutory body administered by the Ministry of Labour and Employment. The Corporation can raise loans, acquire movable and immovable properties. It can also set up hospitals in collaboration with the state governments for the benefit of the employees. The ESIC is governed by the ESI (Employment State Insurance) Act.

EPFO

The EPFO is also a statutory body formed and operated under Employment Provident Fund and Miscellaneous Provisions act, 1952. It is also operated under Ministry of Labour and Employment.

Get these updates on Current Affairs Today Android App

Employees can now generate Universal Provident Fund account number online

Employees’ Provident Fund Organization (EPFO), the retirement fund body has launched a facility for formal sector workers to themselves obtain the Universal Provident Fund Account Number on-line. Now the workers in formal sector can themselves generate Universal Account Number from the EPFO’s portal directly. Till now the workers used to apply through their employers to get Universal Account Number.

Key Highlights

The EPFO has developed an internet-based system for workers to get registered on its digital platform. The system was launched by Union Labour Minister Santosh Gangwar during the EPFO’s 67th Foundation Day celebrations in New Delhi.

A system DigiLocker was also launched for over 65 lakh EPFO pensioners through which they can download their pension-related documents including the Pension Payment Order.

Get these updates on Current Affairs Today Android App