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In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges. So employer has to bear total 13% of basic wage as discussed above. [20]
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With Britain in economic crisis in October 1976, Benn put forward the AES in Cabinet with the partial support of Peter Shore. [2] He claimed the two courses open to the government were the monetarist , deflationary course recommended by the Treasury and "the protectionist course which is the one I have consistently recommended for two and a ...