In a startling revelation, it has been revealed that the Employees’ Provident Fund Organisation (EPFO) has rejected every third claim that it received, reported Indian Express. A number of subscribers have raised their grievances relating to delay in claim settlement on the official X handle of EPFO, which is the world’s largest social security organisation …
In India, a segment of every employed individual’s income is systematically allocated to their Employees’ Provident Fund (EPF) every month. This obligatory contribution is designed to ensure financial stability for employees during their retirement. The PF account is funded through contributions from both the employee and the employer. Typically, the breakdown involves 12 per cent …
Formal job creation under the Employees’ State Insurance Corporation remained flat in June when compared to May with addition of 2.02 million new subscribers. ESIC had added 2.02 million subscribers in May and 1.78 million formal workers in April. As per the provisional payroll data of ESIC, released by the ministry of labour and employment …