Page 16 - Epfo

EPFO set to hike proportion of ETF investments

EPFO began parking 5% of investible deposits in ETFs last fiscal; will fix quantum of percentage increase in July 7 meeting

Government amends EPS-95 to provide Rs 1,000 minimum monthly pension

The annual grant of about Rs 850 crore will be provided on a tapering basis

Decision on increasing EPFO investment in ETFs on July 7

Finance Ministry had last year notified to allow EPFO to invest a minimum of 5% and up to 15% of its funds in equity or equity-related schemes

Seven firms in race to manage EPFO's equity investments in FY17

At present, SBI Mutual Fund is looking after EPFO's stock investments in ETF

EPFO plans to hire social media agency

The development comes in the wake of protests and street violence in Bengaluru earlier this year

EPFO may soon allow members to contribute for pension scheme

At present, an employer contributes 8.33% of basic wages of Rs 15,000 a month to the EPS 95

Decision soon on increasing EPFO investments in ETFs: Bandaru Dattatreya

Dattatreya said that the government made an investment of Rs 7,000 crore till May 31 this year, 75% in National Stock Exchange and 25% in BSE

Unions oppose move to increase EPFO investment in stocks

According to the unions, the labour ministry had produced figures clearly showing that the return on equity was going down

Unions to oppose increased investment in equity

An analysis by EPFO found that it has earned a negative return of 9.54 per cent on its Rs 5,920-crore investment

EPFO might invest more in equity markets

A decision in regard to that will be taken at a meeting of Central Board of Trustees and a proper risk evaluation mechanism

EPFO to consider housing scheme for members next month

Labour Minister Bandaru Dattatreya had earlier said govt exploring possibility for providing a suitable low-cost housing scheme for subscribers of EPF

EPFO to provide 3-yr life cover to subscribers after job loss

The maximum sum assured under the Employees' Deposit Linked Scheme will be enhanced to Rs 6 lakh

EPFO may invest over Rs 6,000 cr in equity market in 2016-17

Finance Ministry last year allowed EPFO to invest a minimum of 5% and up to 15% of its funds in equity or equity-related schemes

Govt considering low-cost housing scheme for EPFO subscribers

The proposal was to allow its subscribers to pledge their future PF contribution to buy low-cost houses

EPFO probing delay in PF contribution by Kingfisher

The retirement fund body is probing non-compliance in provident fund (PF) contribution by KFA relating to international workers

Rs 43,000 crore lies in inoperative EPF accounts: Govt

Interest would be credited to such accounts.

EPFO head challenges arrest warrant, HC to hear it tomorrow

The court, however, refrained from passing any order, saying the application for stay is not before it so the matter will be heard tomorrow

FinMin blinks on PF decision

Raises interest rate to 8.8% for this year, but advises labour ministry to create reserve fund

Govt raises EPF interest rate to 8.8% for 2015-16

Employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO

EPFO investment in ETF at Rs 6,577 crore: Jayant Sinha

MoS Finance Jayant Sinha said that the govt is aware of the risks of more investment from the EPFO in the stock market