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The Employees Provident Fund Organization: Union Labor Minister Bhupendra Yadav said that the coverage of retirement fund body EPFO will be increased to 10 crore subscribers from the current level of 6.5 crores.
EPFO Vision 2047 Document Launched
Minister Yadav said in a function organized on the occasion of 70th Foundation Day of Employees Provident Fund Organization (EPFO) that the scope of social security schemes of EPFO will be expanded. It will be increased from 6.5 crore customers to 10 crore. Labor Minister Bhupendra Yadav also launched the EPFO Vision 2047 document during the event. He said that reducing litigation and increasing coverage is the biggest responsibility of EPFO.
4 labor codes prepared by combining 29 laws
The number of women in the work field should increase but at the same time it should also be ensured that their wages are equal to that of men. pic.twitter.com/ErP71kZl9v
— Bhupender Yadav (@byadavbjp) August 21, 2022
Labor Minister Bhupendra Yadav said that this elixir of independence is going on. We have moved towards self-reliant India. In such a situation, it is necessary that there should be a change in the nature of the industry. The government has made 4 labor codes by combining 29 different laws. He said that the first code is the Industrial Relations Code, the second is the Wages Code, the third is the Social Security Code and the fourth is the occupational safety coat.
Interest will be available in PF account
EPFO has started transferring interest money in your PF account (Employee Provident Fund – EPF). The Employees’ Provident Fund Organization (EPFO) has started the process of depositing interest for 2021-22 from October 31. EPFO itself has given this information. Now the credited interest will soon be reflected in the UAN of the beneficiaries or PF account of EPFO.
EPFO gave information
EPFO said that the process of depositing interest has started. Now it will soon appear in your account. EPFO said that whenever interest is deposited, its full payment will be done simultaneously. There will be no loss of your interest.
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