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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.
To facilitate the dual function of the National Guard Bureau, the Departments of the Army and Air Force, along with the NGB, reorganized the latter agency on October 1, 1948. This reorganization established the NGB as a Bureau of the Department of the Army and an agency of the Department of the Air Force.
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.
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The history of Provident Fund (PF) in Nepal dates back to 1934 when the PF scheme came into existence with the establishment of Sainik Drabya Kosh (Army Provident Fund) during the Rana Regime. [4] The scheme was initiated with the intentions of removing financial hardships to the army personnel after their retirement. Under the scheme, the army ...
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.
The Next-Generation Bomber (NGB; unofficially called the 2018 Bomber or B-3 Bomber) was a program to develop a new medium bomber for the United States Air Force.The NGB was initially projected to enter service around 2018 as a stealthy, subsonic, medium-range, medium payload bomber to supplement and possibly—to a limited degree—replace the U.S. Air Force's aging bomber fleet (B-52 ...
USNS Apalachicola (T-EPF-13) is the thirteenth Spearhead-class expeditionary fast transport and operated by the United States Navy ' s Military Sealift Command. [1] It is the second ship in naval service named after Apalachicola, Florida .