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The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
Guy Standing argues that contrary to IPDS (Indian Public Distribution System), a basic income does not limit the choice of the recipient to a set of subsidised goods. [14] Moreover, IPDS entails a higher cost associated with the distribution of goods which must be stored and transported by a branch of the government.
In 2021, withdrawal rules at the time of maturity was changed, and a person can withdraw entire NPS corpus lump sum if it is Rs 5 lakh or less, but 40% will be taxable. [ 16 ] [ 17 ] Contributions to NPS receive tax exemptions under Section 80C, Section 80CCC, and Section 80CCD(1) of the Income Tax Act .
On 10 June 2014, the new government disbanded four cabinet committees to streamline the decision-making process; among them was the cabinet committee on Aadhaar. [83] Also in June 2014, the IT Department held a meeting with the secretaries of the states to receive feedback on the project. [84]
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. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
In 2023, Government of India integrated Passport Application Form with Digilocker. [14] As of December 2024, Digilocker platform facilitated 9.4 billion document issuances to 43.49 crore users. [15] There is also an associated facility for e-signing documents. The service is intended to minimise the use of physical documents and reduce ...
Frequently asked questions: 401(k) withdrawals. Learn more about 401(k) withdrawals and distribution rules when weighing your options. And take a look at our growing library of personal finance ...
PFD allowance in work systems is the adjustment done to the normal time to obtain the standard time for the purpose of recovering the lost time due to personal needs, fatigue, and unavoidable delays. [1]