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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.
[1] [2] The NHCX aims to standardize and simplify the exchange of health claims, making it easier for insurance companies, government schemes, and healthcare providers like hospitals and labs to share data, documents, and images. This system will also make claims processing more transparent and efficient, lowering operational costs. [3] [4]
Pictures from History/Universal Images Group via Getty. Martin Van Buren, the 8th president of the United States
South Korea's presidential guards and military troops prevented authorities from arresting impeached President Yoon Suk Yeol on Friday in a tense six hour stand-off inside Yoon's compound in the ...
Unified Mobile Application for New-age Governance (UMANG) is a mobile app, a Digital India initiative [1] of Ministry of Electronics and Information Technology (in short form MeitY [2]), by the Government of India for access to central and state government services.
A U.S. Marine who sent an ominous letter home before he went missing in action during World War II has been accounted for over eight decades after he was killed in the Pacific, the Defense ...
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 ...