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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
The same year the present Karmachari Sanchaya Kosh (KSK), or Employees Provident Fund (EPF) in English, was established under the act as an autonomous provident fund organization. After the establishment of EPF, the erstwhile Sainik Drabya Kosh, Nijamati Provident Fund and Provident Fund Department were merged into the EPF. [ 4 ]
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
Pione-ered by the then IT secretary in Andhra Pradesh, J.SATYA NARAYANA, currently CEO of the National Institute of Smart Governance, and driven by the then chief minister, Chandrababu Naidu, e-Seva started as the TWINS project to provide multiple citizen-facing services of the government under one umbrella.
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
SEWA originated in 1972 as the Association's Women's Wing of Textile Labour Association (TLA), which was established by Gandhi in 1918. [11] SEWA is located in Ahmedabad, India, the city where Gandhi's ashram still exists and once served to facilitate much of the Mahatma's work. Gandhi's ethos of collective mobilization led to the founding of ...
Sharjah Electricity, Water and Gas Authority (SEWA) is a governmental utility [1] within the Emirate of Sharjah, serving roughly 300,000 consumers with electricity, water, and natural gas. [2] Additionally, SEWA owns a subsidiary, Zulal, specializing in bottled drinking water. Saeed Sultan Al Suwaidi has served as chairman since 2020. [3]