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The Employees' Provident Fund Organisation (EPFO) holds a pivotal role in India's social security system, dedicated to ensuring the financial security of employees. Operating under the jurisdiction of the Government of India's Ministry of Labour and Employment, the EPFO is entrusted with the regulation and oversight of provident funds in the ...
Haryana Financial Corporation (HFC) (est. 1 April 1967) is a state-owned agency of the government of Haryana in the Indian state of Haryana, which was founded to provide the integrated finances to small- and medium-sized enterprises to boost economic growth. [1]
This department came into existence when Haryana was established as a new state within India after being separated from Punjab. Dushyant Chautala is the cabinet minister responsible for this department from October 2019.
Provident fund is another name for pension fund.Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who joined after 1 January 2004. While the scheme was initially designed for government employees only, it was opened up for all citizens of India in 2009. NPS is an attempt by the government to create a pensioned society in India.
Saving for retirement will get a modest boost in 2025 thanks to higher contribution limits and the phase-in of provisions stemming from the Secure 2.0 Act, which became law at the end of 2023.
Government of Haryana, also known as the State Government of Haryana, or locally as the Haryana Government, is the supreme governing authority of the Indian state of Haryana and its 22 districts. It consists of an executive , ceremonially led by the Governor of Haryana and otherwise by the Chief Minister , a judiciary , and a legislative branch.
Administrative Divisions of Haryana. Haryana, formed on 1 November 1966, is a state in North India.For the administrative purpose, Haryana is divided into 6 revenue divisions which are further divided into 22 districts.