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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.
The Nationalist Congress Party – Sharadchandra Pawar or NCP–SP is a political party in India formed under the leadership of Sharadchandra Pawar. [1] It was formed after Election Commission of India recognised the group led by Ajit Pawar as the original Nationalist Congress Party .
In 2017 Union budget of India, 25% exemption of the contribution made by an employee has been announced as a form of premature partial withdrawal in NPS. [26] This amendment will take effect on 1 April 2018 and will, accordingly, apply in relation to the assessment year 2018-19. [27] [28] NPS is a market-linked annuity product. [29]
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [7] 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 National People's Party is a national political party in India. It is mostly concentrated in Meghalaya.Founded by P. A. Sangma after his expulsion from the NCP in July 2012, it was accorded national party status on 7 June 2019.
The Ajit Pawar faction of the Nationalist Congress Party was a faction of the erstwhile united Nationalist Congress Party that was led primarily by Ajit Pawar.Due to several disagreements with the then party president Sharad Pawar, the faction came into existence.
The Organisation is headed by the Congress President, who is elected by the All India Congress Committee.The AICC on the other hand is composed of delegates sent by the various State–level Pradesh Congress Committees, who themselves have been elected or nominated to their respective Pradesh Congress Committee from the district and panchayat level party units.