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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
It is part of the Digital India plan. The Digital India project aims to provide all government services to citizens electronically and is expected to be completed by 2018. [122] [123] In July 2014 the Employees' Provident Fund Organisation of India (EPFO) began linking provident fund accounts with Aadhaar numbers. [45]
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Fox News Digital reached out to Ashley Judd for comment. Original article source: The 6 most common headache types — and when to see a doctor. Show comments. Advertisement. Advertisement.
Average mortgage rates are trending higher as of Thursday, December 19, 2024, a day after the Federal Reserve announced it was lowering its benchmark interest rate by 25 basis points to a range of ...
In 2017 Union budget of India, 25% exemption of the contribution made by an employee has been announced as a form of premature partial withdrawal in NPS. [26] This amendment will take effect on 1 April 2018 and will, accordingly, apply in relation to the assessment year 2018-19. [27] [28] NPS is a market-linked annuity product. [29]
These cozy breakfast recipes, like sweet potato toast and oatmeal, take under 20 minutes to prepare for a warm and nourishing meal to start your day.