Page 15 - Epfo

EPFO services soon at 2 lakh common service centres of IT Dept

EPFO has decided to extend services like Aadhaar seeding with Universal, UAN, digital life certificate of pensioners, e-KYC operated upload and update facility

Pledging PF to buy low-cost homes to be reality next year

Under the scheme, the EPFO will act as a facilitator for its subscribers, so that they can buy affordable homes for themselves during their service period

EPF exposure to equities doubled

Investment to be raised to Rs 13,000 cr without CBT nod

EPFO to invest Rs 13,000 cr in ETFs in FY'17: Labour Minister Dattatreya

It has raised the limit of investments in FY17 to 10 per cent of investible income from 5 per cent in FY16

Employee provident fund may get 8.6% interest in 2016-17

Finance Ministry has been nudging Labour Ministry to keep interest rate on EPF in line with other small savings schemes administered by it

EPFO to rank pvt PF trusts on performance

Exempted establishments can create their own provident fund trust and administer it based on specified rules after obtaining clearances from the statutory authorities

Govt considering EPFO's voluntary pension scheme proposal

Central Provident Fund Commissioner said that the voluntary scheme was besides the mandatory pension scheme being run by the EPFO

Govt to meet trade unions on exposure of EPFO to markets

The govt is firm on raising the proportion of investment from provident fund corpus in equity markets

EPFO to raise investments in ETFs above 5%: Minister

SBI Mutual Fund and UTI MF will manage the corpus in ETFs

EPFO asks field offices to receive PF dues through e-mode only

There is no provision of making payment of PF contribution through physical mode after June 30, 2016 as per the scheme, EPFO official said

EPFO avoids private route for ETF corpus management

As of now, only SBI Mutual Fund and UTI Mutual Fund eligible bodies to manage the corpus

Pledging PF to buy home may soon become reality

Retirement fund body EPFO may soon introduce a scheme to allow its over 4 crore subscribers to pledge their provident fund to buy low-cost houses and use the account to pay equated monthly installments. "We are working on a housing scheme for members of the Employees' Provident Fund Organisation (EPFO). Under it, members will be allowed to pledge their PF accumulations to buy homes," Labour Secretary Shankar Aggarwal told PTI. He added that the proposal will be placed before the EPFO's Central Board of Trustees meeting expected next month. Once approved by the CBT, the scheme will be available for the subscribers. Finer points of the scheme, as to what extent subscribers will be eligible to avail loans and what will qualify as a low cost house, are yet to be worked out. Aggarwal further said: "We don't want to impose anything on the subscribers. Therefore, we will not buy land or build houses for them. They will be free to choose their own homes from the open market." The panel ..

Unions against diverting unclaimed EPFO deposits, boycott meet

Unions boycotted meeting over alleged attempts at diversion of provident fund money by the government to the Senior Citizen's Welfare Fund

Trade unions boycott EPFO trustees' meet

EPFO trustees' meet was called mainly to increase the proportion of body's investment in Exchange Traded Fund

EPFO likely to raise equity investment to 10%

EFPO, at present, invests 5% of investible deposits in ETFs despite opposition by labour unions

EPFO to consider hike in ETF investments next week

EFPO, at present, is investing 5% of investible deposits in ETFs despite opposition by labour unions

No proposal to hike EPFO investment in ETFs: Bandaru Dattatreya

Central Board of Trustees, Employees' Provident Fund has approved investment of only 5% in ETFs

EPFO may invest up to 12% in equity markets: Dattatreya

As of now, market value of total investment stands at Rs 8,024 cr with 7.45% yield

EPFO relaxes UAN rule for PF settlement, but sets riders

EPFO had made it mandatory to provide the UAN on claim application forms in December 2015

Govt supports investing higher EPF sum in ETF

Decision to be taken in next meeting this month; unions to oppose