The EPFO Wage Ceiling

Source: PMISubject: Economy Context: The Union Cabinet approved the Ministry of Labour and Employment’s proposal to raise the mandatory wage ceiling under the Employees’ Provident Fund Organisation (EPFO) from ₹15,000 to ₹25,000 per month. The EPFO Wage Ceiling About The EPFO Wage Ceiling: What it is? The statutory monthly salary threshold (basic pay plus dearness …

Employees Provident Fund Organisation

Source:  TH Context: The Employees’ Provident Fund Organisation (EPFO) achieved a significant milestone with a net addition of 13.41 lakh members in October 2024. About Employees’ Provident Fund Organisation (EPFO): Established in: 1952 under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. Administering Ministry: Ministry of Labour and Employment. Aim: To ensure social security …

Insights into Editorial: Economic Survey projects 8%-8.5% growth in 2022-23

  Context: The Economic Survey for 2021-22, tabled by Finance Minister in the Lok Sabha, expects the GDP to grow by 9.2% this year and 8% to 8.5% in 2022-23, even as it expressed concerns about the implications of hardening inflation and energy prices. Growth in 2022-23 will be supported by widespread vaccine coverage, gains …