New Delhi, May 30 (IANS) India is witnessing a transformative phase in labour governance and social security administration, Ramesh Krishnamurthi, Central Provident Fund Commissioner (CPFC), EPFO, said on Saturday, as the government aims to build future-ready professionals for India’s evolving labour governance and social security ecosystem.He observed that the Labour Codes, particularly the Code on Social Security, 2020, together with rapid digitisation, have increased the need for profession…
Latest EPFO News & Updates
New Delhi, May 24 (IANS) The recent weakness in the Indian rupee may be driven less by rising oil prices or concerns around the current account deficit and more by relentless domestic equity inflows through systematic investment plans (SIPs), according to a report by Jefferies.In a note titled “INR Pressure – The Downside of SIPs,” the brokerage said sustained foreign selling in Indian equities, coupled with strong domestic liquidity, has become a major factor weighing on the rupee.Jefferi…
New Delhi, May 19 (IANS) The Employees’ Provident Fund Organisation (EPFO) has completed testing for a new facility that will allow subscribers to withdraw their provident fund savings directly into their bank accounts through the Unified Payments Interface (UPI), Union Labour Minister Mansukh Mandaviya said on Tuesday.Addressing reporters, Mandaviya said the move is part of a broader push by EPFO to improve service delivery and simplify access to provident fund savings for over seven crore me…
New Delhi, May 19 (IANS) The Employees’ Provident Fund Organisation (EPFO) has brought down consumer court cases by 46 per cent under a focused, mission-mode drive aimed at reducing litigation and ensuring faster resolution of pending cases across legal forums, it was announced on Tuesday.Moreover, EPFO launched a dedicated drive for disposal of cases pending before consumer courts under the “Nidhi Aapke Nikat (NAN)” programme, where cases were identified in advance and taken up for expedi…
New Delhi, May 13 (IANS) The government is working closely with states and industry stakeholders to ensure a smooth and technology-driven implementation of the new labour codes aimed at reducing compliance burden, improving worker welfare and enhancing India’s global competitiveness, Labour Secretary Vandana Gurnani said here on Wednesday.Addressing an event New Labour Codes: Implementation, Compliance to Competitive Advantage & Industry Readiness that was organised by ASSOCHAM on New Labo…
New Delhi, April 29 (IANS) In a major boost to ease of access and digital transformation, the Employees’ Provident Fund Organisation (EPFO) has recorded its highest-ever claim settlements in the financial year 2025–26.According to official data, EPFO settled 8.31 crore claims during 2025–26, a significant jump from 6.01 crore claims in FY 2024–25.A large portion of these — 5.51 crore claims — were advance or partial withdrawals, indicating improved accessibility for members to use thei…
New Delhi, April 28 (IANS) Staffing services provider TeamLease Services has received a show-cause notice from the Employees’ Provident Fund Organisation (EPFO) over an alleged fund management dispute involving about Rs 185 crore, the company said in an exchange filing on Tuesday.The notice — dated April 13 and received on April 23 — flagged certain contraventions related to the administration and management of funds by the Employees’ Provident Fund Trust.According to the filing, major obser…
Mumbai, March 25 (IANS) India is at the cusp of a new investment upcycle and domestic equities are currently trading at fair valuations relative to global peers, a new report showed on Wednesday.Nifty 50 is at approximately 20 time P/E (Price-to-Earnings) — below its recent historical averages. The valuation comfort is supported by robust macroeconomic fundamentals, including expected GDP growth of 7.3–7.5 per cent and steady earnings expansion, according to the report by Emkay Global Financ…
New Delhi, March 23 (IANS) The Employees’ Provident Fund Organisation (EPFO) is reportedly preparing to step up efforts to clear unclaimed funds parked in inactive accounts, with plans to roll out an automated settlement system.Under the proposed mechanism, balances lying unclaimed in such accounts will be credited directly to subscribers’ Aadhaar-linked bank accounts, removing the need for filing claims.In the first phase, around 25 per cent of Aadhaar-verified inactive accounts are expected …
New Delhi, March 2 (IANS) The Employees’ Provident Fund Organisation (EPFO) on Monday approved an interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for 2025-26, retaining the same rate for the second year in a row, according to an official statement.The decision was taken at the 239th meeting of the Central Board of Trustees in the national capital, chaired by Union Labour and Employment Minister Mansukh Mandaviya. The meeting was attended by Minister of State Shobha…