The Latest Breaking News from EPF

Karnataka High Court strikes down amendment allowing foreign workers in EPF, citing constitutional violations, potential impact on SSAs - The Hindu explains.

EPFO evaluating response to Karnataka High Court judgement on inclusion of foreign workers in provident fund.

The Indian government has been using the Employees Provident Fund (EPF) scheme’s data as a measure of payroll employment and formal job creation since 2017. The monthly data released from this initiative has generally shown an increase in the number of contributors, which is portrayed as evidence of employment creation…

The CBT had recommended an increase to 8.15% from 8.10% interest to the deposits on March 28, 2023. Read more on The Hindu.

The order came after the Finance Ministry’s concurrence to the EPF rate of interest approved by EPFO trustees earlier in March this year. Read further on Dynamite News:

Hungary did not approve the disbursement of the next tranche of military support for Ukraine provided under the EU's European Peace Facility (EPF), a government spokesman's office said on Tuesday.

With the period stipulated by the EPFO expiring on May 3, 2023 for sections of employees and pensioners to exercise joint option along with their employers for higher PF pension, the demand has been made by John Brittas, MP from Kerala, for extending the deadline by six months.

Many Malaysians dipped into their pension during pandemic, but 81 percent of contributors face poverty in retirement.

Estonian defence minister says agreement ‘shows me one thing: if there is a will there is a way’