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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.
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The Air Force School (TAFS), formerly known as Air Force Central School (AFCS), was set up primarily to provide education to the children of Indian Air Force personnel. It was founded in 1955 by Chief of Air Staff Subroto Mukherjee .
The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
AFCS may refer to: A.F.C. Sudbury an English football team; Advanced Facer-Canceler System, a range of machines used for sorting, labeling, coding and postage canceling of mail; Aircraft flight control system; Atlanta–Fulton County Stadium a former stadium in Atlanta, Georgia; Automated fare collection system
Provident fund is another name for pension fund.Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
Completion of an internship is a necessary prerequisite for acquiring a license to practice medicine, postgraduate studies, and higher specialty training. On passing the final MBBS/BDS examination at the end of 4.5 years, a medical/dental student is first awarded a Provisional Registration certificate by the National Medical Commission or ...