EPFO TOPIC: Economy Context- The return on workers’ retirement savings parked with the Employees’ EPFO has been slashed to 8.1% for 2021-22 from the 8.5% rate credited to members’ accounts in the past two years. Concept- The cut in the EPF rate, at a time when inflation is resurging, attracted criticism from the […]

    EPFO TOPIC: Economy Context- The Employees’ Provident Fund Organisation will meet on March 4-5 in Guwahati to decide on the interest rate for its subscribers for the financial year 2021-22. Concept- Employees’ Provident Fund Organisation (EPFO): It is a government organization that manages provident fund and pension accounts of member employees and implements […]

    EPFO Subject: National Organisations Context: Net new enrolments with retirement fund body EPFO grew by nearly 20 per cent to 12.37 lakh in February compared to the same month in 2020, according to the payroll data. Concept: It is a statutory organization that manages provident fund and pension accounts for the workforce engaged […]