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The Employees' Provident Fund Organisation ( EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...
Employees' Provident Fund ( EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector ...
Employees Provident Fund. Employees Provident Fund or Employees' Provident Fund refer to: Employees' Provident Fund Organisation, in India. Employees Provident Fund (Malaysia) Employees Provident Fund Nepal. Employees' Provident Fund (Sri Lanka)
Employees and employers each contribute 12% of the worker’s salary to the Employees' Provident Fund Organisation (EPFO). Though the process seems to raise many questions, given the astounding ...
The EPFO's apex decision-making body is the Central Board of Trustees. Nepal and Sri Lanka have similar employees provident fund schemes. In Malaysia , The Employees Provident Fund (EPF) was established in 1951 upon the Employees Provident Fund Ordinance 1951.
The National Pension System (NPS) is a defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions, Old Pension Scheme (OPS) for all its ...
The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. As of April 2023, India has 167 billionaires, which put the country third in the world, after the United States and China.
CURRENT HEAD : Shri Shaktikanta Das. 2. SEBI – Securities and Exchange Board of India. Sector: Securities (Stock) & Capital Market Year of Establishment 1992 Current Head-Madhabi Puri Buch. 3. IRDAI – Insurance Regulatory and Development Authority of India. Sector: Insurance. Year of establishment -1999. 4.