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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.
The same year the present Karmachari Sanchaya Kosh (KSK), or Employees Provident Fund (EPF) in English, was established under the act as an autonomous provident fund organization. After the establishment of EPF, the erstwhile Sainik Drabya Kosh, Nijamati Provident Fund and Provident Fund Department were merged into the EPF. [ 4 ]
It’s time to reconsider retiring on Social Security alone, especially if you’re one-half of a married couple. New data from GOBankingRates shows that across 50 major U.S. cities this income ...
Tomiko Itooka, a 116-year-old Japanese woman who became the oldest living person in August 2024, died on Dec. 29, 2024, according to Guinness World Records.
NFL Network's Ian Rapoport added that Watson, a second-round draft pick in 2022, suffered additional damage and his ability to begin next season — the final one of his rookie contract ...
The Canon de 19 C modèle 1864 T 1870 was a 19 cm model 1864 gun changed to be like the Canon de 19 C modèle 1870.The primary reason for this change was the invention of slower burning gunpowders.
Adjustment of status in the Immigration and Nationality Act (INA) of the United States refers to the legal process of conferring permanent residency upon any alien who is a refugee, asylee, nonpermanent resident, conditional entrant, [1] parolee, and others physically present in the United States.