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New Delhi: The payroll data of the Employees’ State Insurance Corporation (ESIC) reveals that 16.07 lakh new employees were added in November last year out of which over 47 per cent are young employees up to the age group of 25 years, which is a good indicator of new jobs being created in the economy….
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has introduced a new online feature that allows its 7.6 crore members to easily update their personal details such as their name and date of birth without requiring employer verification or EPFO approval. Members with Aadhaar-seeded e-KYC accounts can now file their EPF transfer claims directly using…
New Delhi: EPFO members must activate their Universal Account Number (UAN) and link it with Aadhaar and their bank account by January 15, as per a circular by the pension regulatory body. Failure to do so will not allow EPFO members to avail the benefits under the Employment Linked Incentive (ELI) scheme. “It is mandatory…
Starting January 1, 2025, a slew of regulatory and financial changes will be coming into effect, affecting citizens across the country. From changes in the Employees’ Provident Fund Organisation (EPFO) procedures to adjustments in LPG pricing and the Unified Payments Interface (UPI), the new year could have a significant impact on your wallet. Here’s a…
New Delhi13 minutes ago copy link Yesterday’s big news was related to the valuation of the top 10 companies of the country. The valuation of 5 out of the top-10 companies has increased by Rs 1,13,117 (1.13 lakh) crore after last week’s trading. IT company Infosys Limited will announce results on January 16 for the…
Hindi News Business Business Brief Detailed Business News | Share Market, Aadhaar, Deadline, UADAI, UPI New Delhi44 minutes ago copy link Yesterday’s big news was related to Aadhaar card. Unique Identification Authority of India (UIDAI) has again extended the deadline for updating Aadhaar for free by 6 months. Now you will be able to update…
New Delhi: Employee unions have long advocated for increasing the minimum pension amount under the Employees’ Pension Scheme (EPS), 1995, with representations from employees and other stakeholders. Regarding an increase in the pension amount, Member of Parliament Asaduddin Owaisi raised questions in the Lok Sabha about any proposal to increase the minimum pension amount under…
New Delhi: The Employees Provident Fund Organisation (EPFO) has said that employees who are quitting their jobs are not required to have a new UAN (Universal Account Number). “Critical Information! Employees are not required to generate a new UAN when leaving their old employment. A member cannot have more than one UAN. There is no…
New Delhi: Major decisions for the benefit of the EPFO members were taken during the 236th Meeting of Central Board of Trustees (CBT), EPFO. The meeting which was presided by Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports took various decisions regarding interest calculation, healthy investment fund management; adopts initiatives…
Last Updated:November 22, 2024, 1:03 PM IST The Ministry of Labour and Employment has directed the Employees’ Provident Fund Organisation (EPFO) to ensure the activation of the Universal Account Number (UAN) of employees using Aadhaar-based OTP. Aadhaar-based verification eliminates the need for producing multiple documents to prove one’s identity. The Ministry of Labour and Employment…