Latest Provident Fund News & Updates

Bhopal, June 4 (IANS) The Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM), launched with the objective of providing financial security to millions of older people in the unorganized sector, is fast emerging as a strong pillar of support for the poor and hardworking classes. In Madhya Pradesh, thousands of workers in the unorganised sector are benefiting from the Central government scheme. Estimates show that more than 3,300 unorganised workers are registered in Neemuch district alone, with ma…

Hyderabad, April 13 (IANS) Telangana State Road Transport Corporation (TGSRTC) employees have decided to go on strike from April 22 in support of their demands. This was announced by the Joint Action Committee (JAC) of the TGSRTC employees on Monday.JAC leaders said that, though they gave notice of the strike on March 13, there was no response from the government or the TGSRTC management.They said the government should take steps to avert the strike. JAC chairman Thomas Reddy said they placed 32…

New Delhi, Feb 9 (IANS) The government is working on trials with banks to operationalise employees’ provident fund (PF) withdrawals via automated teller machines (ATMs), with a likely date to make it applicable from April, for ease of service.The employees’ PF will also be open to withdrawals via the use of unified payments interface (UPI), apart from ATMs, according to an NDTV profit report, citing Labour Ministry sources.There was, however, no official communication yet from the government.Acc…