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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
Jeevan Pramaan is an Indian Life Certificate program affiliated with Aadhaar for people with pensions. [1] It was started by Prime Minister Narendra Modi on 10 November 2014. [2] [3] The certificate was made for people who receive pensions from central or state governments or other government organisations. [1]
State Election Commission consists of Chief Electoral Officer [2] and as many members and staff specified as are required by the Acts of respective State Governments. State Election Commissioners are independent persons not holding position or office in any Central or State Government organisations.
Legislative Assembly elections were held in Karnataka on 10 May 2023 to elect all 224 members of the Karnataka Legislative Assembly. The votes were counted and the results were declared on 13 May 2023. The election saw a final voter turnout of 73.84%, the highest ever recorded in the history of Legislative Assembly elections in Karnataka. [1] [2]
The entire 12% contribution of the employee goes towards the Employees’ Provident Fund Scheme (EPF), while from the employer's share of 12%, 3.67% goes to the Employees’ Provident Fund and 8.33% goes towards the Employees’ Pension Scheme (EPS) along with 1% contribution of the government while 0.5% contribution of the employer goes to the ...
Karnataka State Election Commission is an State Constitutional body constituted in Indian state of Karnataka for ensuring that elections in are conducted in free, fair and unbiased way. Constitution of India with provisions as per Article 243K and 243 ZA and Article 324 ensures creation and safeguarding of the powers of State Election Commissions .
Notably, other entities like Employee Provident Fund, pension funds by life insurers, and mutual fund firms are beyond PFRDA's scope. [31] The contributory pension system, later termed the National Pension System (NPS), began on 22 December 2003, applied from 1 January 2004.
Karnataka (highlighted) within India. Elections in Karnataka, a state in India are conducted in accordance with the Constitution of India. The Assembly of Karnataka creates laws regarding the conduct of local body elections unilaterally while any changes by the state legislature to the conduct of state level elections need to be approved by the Parliament of India.