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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). [7] 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.
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.
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
Prince fans will soon have another chance to purify themselves in the waters of Lake Minnetonka — and those waters will be clearer than ever before.
The internet is melting over a rescue dog experiencing the snow for the first time in a heartwarming video. The adorable pup is enjoying new adventures after moving to her forever home. Bowie the ...
Scientists have recently discovered a new primate species in Myanmar’s central forest. However, the Popa langur, named after nearby Mount Popa, is tragically already on the verge of extinction.
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Bibas' sons, Ariel and Kfir, were 4 years old and 9 months old, respectively, when they were taken. Kfir was the youngest of the Oct. 7 captives.