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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.
Hon'ble Supreme Court of India vide Civil Appeal 9284 Of 2013 stated that the Basic Wage under EPF and MP Act, 1952 can not be equated with Minimum Wage under the Minimum Wages Act, 1948. Thus, the Minimum Wage can be bifurcated into Basic and HRA; and EPF can only be paid on Basic only. [21]
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]
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
The University of Vermont earned its first-ever NCAA Division I national championship in a team sport in dramatic fashion on Monday. The unseeded Catamounts upset No. 13 Marshall University 2-1 in ...
From January 2008 to December 2012, if you bought shares in companies when Kristen Gibney Williams joined the board, and sold them when she left, you would have a 21.8 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
The headquarters of the Employees Provident Fund (EPF) (Kumpulan Wang Simpanan Pekerja; KWSP), at Jalan Raja Laut (formerly Broadrick Road) in central Kuala Lumpur, Malaysia. Date: 17 March 2007: Source: Own work: Author: User:Two hundred percent.
If Rourke played the entire season with a torn ACL, it would be a remarkable footnote to the best year in Indiana history. The Hoosiers went 11-1 in the regular season and made the College ...