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The EPFO administers the retirement plan for employees in India, which comprises the mandatory provident fund, a basic pension scheme and a disability/death insurance scheme. It also manages social security agreements with other countries. International workers are covered under EPFO plans in countries where bilateral agreements have been signed.
Pay-by-plate systems often provide the ability of purchasing parking time by phone. This means that drivers can extend their parking session remotely without needing to return to the payment machine. Moreover, pay-by-plate machines typically accept different forms of payment, including coins, credit cards, debit cards, and NFC for smartphone ...
Coupon parking, also known as parking vouchers, is a variation of pay and display without the use of machines; instead, the motorist purchases a booklet of coupons in advance from the authorities. To use a parking coupon, the motorist has to completely tear off tabs of the date and time, or scratch off panels on the date and time in which he ...
Pay-by-phone parking costs more for motorists as they have to pay a surcharge on top of the parking fee for the apps use. Pay-by-phone parking requires a connection to either the internet or mobile signal and a lack of either can leave users liable to be fined for not paying for parking. If the apps used for pay-by-phone parking are down it ...
Public Provident Fund Scheme, 2019 has reduced the interest spread to 1 (one) percent from an earlier spread of 2 percent. Up to 25 per cent of the balance at the end of the 2nd immediately preceding year would be allowed as a loan. Such withdrawals are to be repaid within 36 months.
On 26 August 2021, PFRDA increased the entry age for the National Pension System (NPS) from 65 years to 70 years. As per the revised norms, any Indian Citizen, resident or non-resident, and Overseas Citizen of India (OCI) between the age of 18–70 years can join NPS and continue or defer their NPS Account up to the age of 75 years. [6]
A parking enforcement officer issuing a ticket to a vehicle in Copenhagen, Denmark. A parking enforcement officer (PEO), [1] [2] traffic warden [1] (British English), parking inspector/parking officer [3] (Australia and New Zealand), or civil enforcement officer [1] is a member of a traffic control agency, local government, or police force who issues tickets for parking violations.
As far as differences between gratuity and provident funds are concerned, although both types involve lump sum payments at the end of employment, the former operates as a defined benefit plan, while the latter is a defined contribution plan. Specific provident funds include: Employees' Provident Fund Organisation, India's statutory retirement plan