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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.
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.
It is mandatory for all Central Government employees with effect from 1 January 2004. It extends to all citizens of India including workers of the unorganized sector on a voluntary basis with effect from 1 May 2009. [10] On 29 October 2015 the Reserve Bank of India allowed Non-Resident Indians (NRI) to subscribe to NPS. [11]
Similarly, 11 and 4 EPF Militia Battalions were re-organised as 78 and 79 Field Battery Border Scouts. In August 1954, the three batteries were brought together to form 10 Field Regiment . Lieutenant Colonel Cyril Anthony Lobo from 9 Field Regiment was sent to become the first commanding officer on 27 October 1954.
The scents of cinnamon and star anise add big flavors to this quick soup. Butter adds body and a silky texture. Fresh udon noodles take only a few minutes to cook, but dry udon noodles work well ...
Eva Longoria spent Christmas in some sizzling swimwear. The actress, 49, posted a carousel of photos on Dec. 26 of her tropical vacation, including her sexy holiday outfit — a deep triangle ...
Aug 25, 2024; New Orleans, Louisiana, USA; Detailed view of the Tennessee Titans helmet against the New Orleans Saints during the first half at Caesars Superdome.
The fund receives contributions from the Federal Government of Malaysia, statutory bodies and local authorities. [1] The contributions are invested by the fund in a mix of equities, bonds, property, private equity and infrastructure, with the investment returns used to finance the government's pension liabilities.