eNPS-Online Subscriber Registration and Contribution Facility under NPS developed

Investment and Savings, NPS

In light of the Prime Minister’s “Digital India” campaign on promoting e-governance for providing last mile connectivity through extensive use of ICT (Information and Communications Technology) platforms, Pension Fund Regulatory Development Authority (PFRDA) has been pursuing the development and operationalization of online transaction facilities for the prospective as well as existing subscribers of NPS. Towards…

EPFO’S Claim Settlement Crosses 90 Lakhs in the Current Fiscal EPFO Introduces UAN Based Simplified Claim Forms more than 2 Lakh Grievances Resolved by EPFO

Employees Provident Fund (EPF), Provident Fund (PF)

While taking stock of the performance of EPFO in the month of December it has been noted that for the period April to December 2015, EPFO settled 90.6 lakh claims.  Out of this 40% was settled within 3 days and close to 80% within 10 days. More than 96% of the claims were settled within…

The Payment of Bonus (Amendment) Bill, 2015 notified:Increase in the Eligibility Limit under clause (13) of Section 2 and Calculation Ceiling under Section 12 of the Payment of Bonus Act, 2015

Ministry of Labour, Misc. Items

The Payment of Bonus (Amendment) Bill, 2015 was passed by the Parliament in the just concluded Winter Session of the Parliament. The Payment of Bonus (Amendment) Act, 2015 has been published in the Gazette of India, Extraordinary on 1st January, 2016 as Act No. 6 of 2016. The provisions of the Payment of Bonus (Amendment)…