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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.
In addition to the general labour laws applicable to all workers, the interstate workers are entitled with equal or better wages for the similar nature & duration of work applicable for the local workmen or stipulated minimum wages under the Minimum Wages Act, 1948 whichever is more,
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The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968.
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.
The Social Security Code, 2020 brings unorganised sector, gig workers and platform workers under the ambit of social security schemes, including life insurance and disability insurance, health and maternity benefits, provident insurance, pension and skill upgradation, etc. [1] The act amalgamates nine central labour enactments relating to ...
The server did not receive a valid Referred-By token on the request. [15] 430 Flow Failed A specific flow to a user agent has failed, although other flows may succeed. This response is intended for use between proxy devices, and should not be seen by an endpoint (and if it is seen by one, should be treated as a 400 Bad Request response).
Insufficient permissions: The most common reason for a 403 status code is that the user lacks the necessary permissions to access the requested resource. This can mean that the user is not logged in, has not provided valid credentials, or does not belong to the appropriate user group to access the resource.