To expand the 'Ease of Living' of its 7.5 crore members, Employees Provident Fund Organisation (EPFO) has decided to enhance the auto settlement of advanced claim (ASAC) limit by five times from currently Rs 1 lakh, sources told ANI.
The Ministry of Labour & Employment is actively collaborating with State Governments and ILO for a national social protection data pooling exercise to obtain a holistic picture of social protection coverage in India, the Ministry of Labour & Employment said in a release.
The Employees' Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at enhancing efficiency and reducing transaction time, Labour and Employment Secretary Sumita Dawra said on Monday.
Speaking exclusively with ANI, Sumita Dawra, Secretary of the Ministry of Labour and Employment, revealed that PF members will soon be able to withdraw funds through UPI and ATM by the end of May or June this year.
India's social protection coverage increased from 24.4% in 2021 to 48.8% in 2024, according to the ILO's World Social Protection Report (WSPR) 2024-26. This increase acknowledges existing central social protection schemes that had not been considered earlier.
The Employees' Provident Fund Organisation (EPFO) in January witnessed a net addition of 17.89 lakh members, the rovisional payroll data for January 2025 shows released by Ministry of Labour & Employment on Thursday.
As on March 3, over 30.68 crore unorganised workers have already registered on e-Shram portal, with more than half of them being female by 53.68 per cent, the Ministry of Labour and Employment said.
The Ministry of Labour and Employment has urged platform workers to register on the e-Shram portal so that they can access the announcements made in the Budget.
Achieving 70 per cent female workforce participation by 2047 is crucial for building a Viksit Bharat, as it can unlock significant economic potential and drive national growth, said Sumita Dawra, Secretary, Ministry of Labour and Employment, on Wednesday in New Delhi.
The EC formally adopted the Unified Pension Scheme for EPFO officers and staff, aligning with the recent gazette notification issued by the Ministry of Finance.
The Employees' Provident Fund Organization (EPFO) has released provisional payroll data for December 2024, revealing a net addition of 16.05 lakh members.