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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.
DOPT is concerned with the formulation of policy and the watchdog of the Government ensuring that certain accepted standards and norms, as laid down by it, are followed by all ministries/departments in the recruitment, regulation of service conditions and posting transfers and deputation of personnel as well as other related issues.
Get answers to your AOL Mail, login, Desktop Gold, AOL app, password and subscription questions. Find the support options to contact customer care by email, chat, or phone number.
The fund receives contributions from the Federal Government of Malaysia, statutory bodies and local authorities. [1] The contributions are invested by the fund in a mix of equities, bonds, property, private equity and infrastructure, with the investment returns used to finance the government's pension liabilities.
The history of Provident Fund (PF) in Nepal dates back to 1934 when the PF scheme came into existence with the establishment of Sainik Drabya Kosh (Army Provident Fund) during the Rana Regime. [4] The scheme was initiated with the intentions of removing financial hardships to the army personnel after their retirement. Under the scheme, the army ...
Lindy Li, who sits on the Democratic National Committee finance committee, raked Vice President Kamala Harris’ campaign over the coals, branding it a “$1 billion disaster” and called for ...
STERLING, Virginia (Reuters) -President-elect Donald Trump arrived in the Washington area on Saturday evening for a celebration of his return to power ahead of an inauguration ceremony that has ...
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