Employee Provident Fund

Photo: India Today

EPF Rate Increased To 8.15% In 2023-2024 FY

In good news for employees, the Union Labour and Employment Ministry increased the marginal interest rate of Employees Provident Fund (EPF) to 8.15% from previous 8.1%. The decision was taken after a meeting with the Ministry of Labourer and Central board of trustees of the Employees' Provident Fund Organisation. The Ministry further said, the  interest rate would be officially notified in the government gazette after approval of Ministry of… read-more

Tue, 28 Mar 2023 - 03:15 PM / by Varsha Joshi

Tags: EPF, FY 2023-2024, Rate Hike, GoI, Union labour ministry

Courtesy: NDTV

Representational image

Photo: The Economic Times

National Employment Policy To Get Drafted By December 2021

The Ministry of Labour and Employment is expected to formulate the National Employment Policy (NEP) by December 2021. The NEP will be chalked out in tandem with the execution of four labour codes and completion of four employment surveys. It aims to provide an impetus for improving job opportunities in the country through policy interventions. Besides, a quarterly survey will also be conducted to provide comprehensive data from both the… read-more

Sun, 10 Jan 2021 - 01:10 PM / by Ashly Ann Varghese

Tags: Union labour ministry, job opportunities, NEP, Employment

Courtesy: Hindustan Times

Santosh Gangwar

Photo: Business Line

2 Crore Migrant Workers Given Financial Aid During Pandemic: Santosh Gangwar

Labour and Employment Minister Santosh Gangwar said that the Central government had taken "unprecedented steps" for labour-welfare and employment during the pandemic. He said, "About 2 crore migrant workers have been provided Rs 5,000 crore directly in their bank accounts." Reportedly, the amount provided was arranged from Building and other Construction Workers' Cess Fund. The ministry also established 20 Control Rooms across the country to… read-more

Thu, 17 Sep 2020 - 09:07 AM / by Sneha Ramesh

Tags: Migrant Labourers, Union labour ministry, Coronavirus Pandemic, financial support

Courtesy: The Times Of India