Retirement fund body EPFO added 16.82 lakh new subscribers, in May 2022, over 80 per cent more than 9.2 lakh enrolled in the year-ago month, according to official data.
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A report by SBI Research says that 11.4 crore tax-paying households which constitute only 8.5% of India’s total population contribute to Rs 75 lakh crore or 65% of the private final consumption expenditure and cross subsidises 91.5% of the population.
Updated Mar 04, 2021 | 20:47 IST
The transfer of accounts of the members covered under of erstwhile JK PF Act to EPFO has been 100% completed for 12 out of 22 districts of J&K and Ladakh. EPFO increases footprint in J&K, Ladakh; benefits extended to UTs | Photo Credit: BCCL
After the implementation of EPF & MP Act, 1952 in the UTs of J&K and Ladakh from October 31, 2019, EPFO has extended its provident fund, pension and insurance benefits to all employees of existing establishments covered under the erstwhile JK PF Act as well as the employees of newly covered establishments.
EPFO has also set up regional offices at Srinagar, Jammu and a facilitation center at Leh, said Ministry of Labour under which the retirement body falls.
EPFO Extended Social Security Benefits To Subscribers Of JK And Ladakh
SRINAGAR: Consequent upon implementation of EPF & MP Act, 1952 in the UTs of Jammu and Kashmir and Ladakh w.e.f. October 31, 2019, EPFO has extended its provident fund, pension and insurance benefits to all employees of existing establishments covered under the erstwhile JK PF Act as well as the employees of newly covered establishments. EPFO has set up Regional Offices at Srinagar, Jammu and the facilitation center at Leh.
EPFO extended social security benefits to subscribers of JK and Ladakh
An official handout said that the 228th meeting of Central Board of Trustees, EPF was held today in Srinagar, Jammu & Kashmir under the chairmanship of Santosh Kumar Gangwar, Union Minister of State for Labour & Employment(Independent Charge), Vice-Chairmanship of Apurva Chandra, Secretary(L&E) and the Member Secretary Sunil Barthwal, Central PF Commissioner.