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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 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 ...
2. Hoppin’ John. Southerners are usually eating Hoppin’ John (a simmery mix of black-eyed peas and rice) on New Year's Day. Like most “vegetable” recipes from around this area, it contains ...
As Russian troops approached Dniprorudne in their February 2022 invasion of Ukraine, the city's long-term mayor Yevhen Matvieiev could have fled to safety. Instead, he stayed behind to coordinate ...
An off-duty New York City cop has been arrested for allegedly raping and strangling someone close to him, sources told The Post Saturday. Samuel Sierra, 35, was arrested around 7:20 p.m. Friday ...
From January 2008 to December 2012, if you bought shares in companies when John Radziwill joined the board, and sold them when he left, you would have a -34.6 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
National Pension System, like PPF and EPF, is an EEE (Exempt-Exempt-Exempt) instrument in India where the entire corpus escapes tax at maturity and the entire pension withdrawal amount is tax-free. [3] The New Pension Scheme was implemented with the decision of the Union Government to replace the Old Pension Scheme which had defined-benefit ...