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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.
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
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.
It is mandatory for all Central Government employees with effect from 1 January 2004. It extends to all citizens of India including workers of the unorganized sector on a voluntary basis with effect from 1 May 2009. [10] On 29 October 2015 the Reserve Bank of India allowed Non-Resident Indians (NRI) to subscribe to NPS. [11]
If state-owned companies and municipal government employees were included, India had a 1.8:1 ratio between public sector employees and private sector employees. In terms of gender equality in employment, male to female ratio was 5:1 in government and government owned enterprises; private sector fared better at 3:1 ratio.
He was averaging 25.4 points, 10.2 rebounds, 4.0 blocks and 3.9 assists per game. He's the early frontrunner for Defensive Player of the Year, swiping 10 blocks in a blowout of the Portland Trail ...
Windows 10 is a version of Windows NT and the successor of Windows 8.1. Some features of the operating system were removed in comparison to Windows 8 and Windows 8.1, and further changes in features offered have occurred within subsequent feature updates to Windows 10. Following is a list of these.
A magnitude 7.0 earthquake struck near the town of Petrolia in California on Thursday at 10:44 a.m. local time, generating a now-discontinued tsunami warning that stretched from southern Oregon to ...