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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.
Employees' Provident Fund ( EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector ...
Employees Provident Fund. Employees Provident Fund or Employees' Provident Fund refer to: Employees' Provident Fund Organisation, in India. Employees Provident Fund (Malaysia) Employees Provident Fund Nepal. Employees' Provident Fund (Sri Lanka)
If the funds spent by the EPFO, ESI and the various other provident fund bodies are taken into account, the total spending by the general government of India (centre, states and cities all together) is 12.8% of the GDP or ₹ 3,320,000 crore (US$420 billion). Federal government social security bodies and programs
Mandatory state provident fund and pension provision. This mandatory scheme is part of the Social Security system in India that covers all employees of the private sector and employees of state owned companies. It is run by the social security body Employees' Provident Fund Organisation (EPFO).
The Fishery Survey of India (FiSI), founded in 1983 by the Government of India 's Ministry of Agriculture & Farmers Welfare, for the fisheries studies, research and survey of the traditional and deep sea fisheries of India within India's Exclusive economic zone, is tasked with the preparation of an annual Fishery Resources Survey and ...
List. 1. RBI – Reserve Bank of India. 2. SEBI – Securities and Exchange Board of India. 3. IRDAI – Insurance Regulatory and Development Authority of India. 4. PFRDA – Pension Fund Regulatory & Development Authority.
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income . Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors ...
In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This pre-tax option is what makes 401 (k) plans ...
Govt increases wage ceiling for EPFO schemes to ₹ 15,000 (US$190) from existing ₹ 6,500 (US$81) per month ₹ 36 billion (US$450 million) provided for safe drinking water in 20,000 habitations in villages facing problem of impure drinking water; Budget proposes National Housing Banking programme; sets aside ₹ 80 billion (US$1.0 billion)