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The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance.
Unified Mobile Application for New-age Governance (UMANG) is a mobile app, a Digital India initiative of Ministry of Electronics and Information Technology (in short form MeitY), by the Government of India for access to central and state government services.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [7] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
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Fraudsters often pretend to be government officials and use fake QR codes to defraud people. For example, a scammer may pose as a Social Security employee claiming that you have an outstanding ...
Most employees and their employers are required to contribute monthly to mandatory provident fund schemes provided by approved private organisations, according to their salaries and the period of employment.
Modernization of outdated power lines costs around $100,000 per mile, while new power lines can run anywhere from $1 million to $10 million per mile depending on geography and whether they are ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
Umang Gupta (August 3, 1949 – April 19, 2022) was an Indian-American entrepreneur and Silicon Valley, California, executive credited with writing the first business plan for Oracle Corporation. He was also the founder of enterprise software company Gupta Technologies and was later the CEO of Keynote Systems.