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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.
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]
Athletes doing "Trump dance" celebrations should think about what, exactly, they're glorifying.
Here’s a quick breakdown of where things currently stand heading into the final weekend of the regular season: ACC. Miami scored the final 25 points against Wake Forest to win going away for the ...
A huge search was underway Tuesday for a 64-year-old grandmother feared to have fallen down a 30-foot sinkhole in Pennsylvania while looking for her cat.. Elizabeth Pollard of Unity Township went ...
FNF – Full and Final; FOB – Freight On Board; FOMC – Federal Open Market Committee; FOC – Free Of Cost; FP&A – Financial Planning & Analysis; FPO – Follow-on Public Offer; FSA – Financial Services Authority; FTE – Full-Time Equivalent; FV – Future Value; FX – Foreign exchange market; FY – Fiscal year or Financial year; FYA ...
As the new year approaches, many people begin thinking about their resolutions—typically focusing on physical health, saving money, or spending more time with family. One area that often gets ...
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