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epfindia.gov.in.org. 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. The EPFO administers the retirement ...
The National Pension System (NPS) is a defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions, Old Pension Scheme (OPS) for all its ...
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
Government employees in the union government in 56 ministries [1] and departments under latter as of 1 July 2023 has 48.67 lakhs working employees and 67.95 retired employees on rolls. [2][1][3] Indian Railways with 1.3 million employees has highest number of employees in union government. [4]
Mahatma Gandhi National Rural Employment Guarantee Act 2005 or MGNREGA, earlier known as the National Rural Employment Guarantee Act or NREGA, [ 3 ] is an Indian social welfare measure that aims to guarantee the ' right to work '. This act was passed on 23 August 2005 [ 1 ] and was implemented in February 2006 under the UPA government of Prime ...
The Government of India (ISO: Bhārata Sarakāra, legally the Union Government or Union of India[1] and colloquially known as the Central Government) is the central executive authority of the Republic of India, a federal republic located in South Asia, consisting of 28 states and eight union territories. The government is led by the prime ...
Rashtriya Rifles. National Crime Records Bureau. Bureau of Police Research and Development. Department of Criminal Intelligence. National Institute of Criminology and Forensic Sciences. North Eastern Council. North Eastern Police Academy. Office of the Registrar General and Census Commissioner, Census of India.
The employee contributes 10% of his gross salary to the system while the employer contributes a matching amount. At the official age of retirement, the employee can withdraw 60% of the amount as a lump sum while 40% needs to be compulsorily used to buy annuity that will be used to pay a monthly pension. The system tries to achieve a target of ...