EPFO
EPFO members are at loss of securing new houses by the Retirement board as per the reports of the Labour Minister Bandaru Dattatreya at the rajya sabha. The employees spend the major chunk of their work staying at rented houses and after the retirement the amount received as PF goes mainly for the purchase of [...] Continue Reading »
EPFO (Employees’ Provident Fund Organisation) has asked its field offices to focus on the construction industry and the services sector. This should be done in order to increase the coverage of its social security net by 30 % following the government’s decision to enhance wage ceiling. Unfortunately even though the construction industry employs the maximum [...] Continue Reading »
The Finance Ministry is mulling an option of allowing the long-term funds from such funding institutions to help housing finance companies (HFCs) overcome the asset liability mis-matches. These funds can be channelized to the housing sector either by allowing them to lend to HFCs, or permitting them to invest in Residential Mortgage Backed Securities (RMBS) [...] Continue Reading »
New Delhi: As of now, it is not mandatory to have an Aadhaar number for using monetary benefits under government schemes like Employees Provident Fund, insurance and pension, for booking railway tickets, opening bank accounts, etc. An official of Unique Identification Authority of India said that, as of now, Aadhaar number has not been made [...] Continue Reading »
