EPFO Current Affairs - 2020

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…

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 Read More…

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 Read More…

ESIC payroll data suggests 2 crore jobs created in 16 months

The Employees State Insurance Corporation (ESIC) payroll data released by the Central Statistical Office (CSO) suggests 2 crore jobs created in 16 months. The ESIC data is one of payroll numbers released by the Central Statistics Office (CSO) in its reports based on people joining various social security schemes run by Employees Provident Fund Organisation (EPFO) Read More…

Pradhan Mantri Shram Yogi Maan-Dhan (PM- SYM)

The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) announced in the interim budget 2019 has been notified by the Ministry of Labour and Employment. Features of the PM-SYM PM-SYM is a voluntary and contributory pension scheme on a 50:50 basis where prescribed age-specific contribution shall be made by the beneficiary and the matching contribution by the Read More…