Insurance Benefits for Dependants of EPF Members Raised from Rs 3,60,000 to Rs 6,00,000

The 208th meeting of the Central Board of Trustees (EPF) was held in Hyderabad today under the chairmanship of Shri Bandaru Dattatreya, Union Minister for Labour & Employment & Chairman, CBT, EPF. Major highlights of the meeting are:- 1. In a major decision, the Central Board of Trustees enhanced the Insurance benefits under the Employees…

Banks now can grant loans and advances to the CEO/ Whole Time Directors, without RBI’s approval

Section 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its Directors. However, in exercise of the powers conferred by clause (a) of the Explanation under sub-section (4) of Section 20 of Banking Regulation Act, 1949 and having regard to the considerations referred to…

Approval to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015.The proposed amendments to the Negotiable Instruments Act, 1881 (“The NI Act”) are focused on clarifying the jurisdiction related issues for filing cases for offence committed under section 138 of…

EPFO Moves to M-Governance- EPFO Services on Mobile Application

Send an SMS to 7738299899 to Activate UAN Account: Give Miss Call at 01122901406 to Know Details of Contribution and PF Balance Shri Bandaru Dattatraya, Hon’ble Minister of State for Labour & Employment (Independent Charge) launched three new mobile based services for EPF members namely Mobile Application, SMS based UAN Activation and Missed Call service…