For workers' security
Pandhe, general secretary, Centre of Indian Trade Unions. Excerpts: The government, particularly the Finance Ministry, has argued that it is not possible to maintain the interest rate of 9.5 per cent on workers' savings in the EPF because the market rate of interest has been falling. Many PSUs now borrow from commercial banks at more than 12 per cent; they could access funds at cheaper cost from the EPFO and workers would also get higher returns on their savings. For instance, the West Bengal government has implemented a scheme to extend the EPF to workers in the unorganised sector. The trade unions stressed issues related to the PF scheme continuously - increase in the contributions of workers, increase in the interest rate applicable on their savings made in the PF, and increase in the coverage of the scheme so that more and more sections of the workforce could be brought into the ambit of the EPF.
EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
Discover Related
Drop the piecemeal ways to social security for workers
Top 10 government schemes every Indian should know in 2025
EPFO removes two more claim settlement requirements
Govt may raise equity allocation in NPS default scheme to 25%
Increase minimum EPF pension, House panel tells Centre
Top 5 income tax-saving investments to boost your financial health in 2025
Pensioners may soon be able to make EPFO claims via UPI: Labour secretary
Recognise scheme workers as full-fledged labourers: Minister
Unified Pension Scheme: Who can join and how much to contribute
UPS: PFRDA notifies assured pension scheme for government employees
Unified Pension Scheme Rules notified
Mansukh Mandaviya inaugurates new EPFO office in Hyderabad
India to get Universal Pension Scheme: What is it and who will benefit?
Why NPS should be a part of your retirement plan? 5 things to know
New universal pension scheme in the works—What it means for Indians
Government plans Universal Pension Scheme: Who will benefit?
Invest in NPS or EPF? Experts explain benefits of retirement savings schemes
Should you opt for both NPS and EPF in the new tax regime?
Unified Pension Scheme (UPS) takes effect from April 1: Know eligibility, benefits
How can senior citizens benefit from SCSS? Interest rates, tax savings, and more
Union Budget fosters gig workers’ hope for social security
‘Ensure social security for migrant workers’
States-led panels to draft comprehensive social security plan for workers
Unified Pension Scheme: Check eligibility, benefits and other details here
Employees' Provident Fund Organisation adds 14.63 lakh net members during November 2024
Faster PF transfers, direct online claims: Check benefits of new EPFO rules
EPFO simplifies fund transfers, personal detail corrections for members