Union Minister for Labour & Employment and Youth Affairs & Sports Mansukh Mandaviya announced that the Employees' Provident Fund Organisation (EPFO) has achieved a historic milestone by crossing the 5 crore claims settlement mark for the first time in its history.
The Employees' Provident Fund Organisation (EPFO) has achieved a historic milestone by crossing the Rs 5 crore claims settlement mark for the first time in its history, Union Minister of Labour and Employment Mansukh Mandaviya announced on Thursday.
The Employees' Provident Fund Organisation (EPFO) has released provisional payroll data for November 2024, revealing a net addition of 14.63 lakh members.
The Employees' Provident Fund Organisation (EPFO) has released provisional payroll data for October 2024, revealing a net addition of 13.41 lakh members which signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.
Employees' Provident Fund Organisation (EPFO) on Wednesday gave final opportunity till January 31, 2025 to Employers to upload wage details etc. regarding over 3.1 Lakh pending applications for Pension on Higher Wages.
An increase of 31.29% has been registered in net member addition during April 2024 compared to March 2024.
The new software is being developed with the consultation of Centre for Development of Advanced Computing (CDAC, according to a ministry statement .
Introduced on May 6, 2024 pan-India and since then this initiative has been providing speedy service.
A noticeable aspect of the EPFO data is the dominance of the 18-25 age group which constitutes a significant 56.36 per cent of the total new members.
According to the EPFO data, around 8.41 lakh new members have enrolled during December 2023. The new members' addition shows an increase of 14.21 per cent when compared with the previous month of November.
