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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.
The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...
Provident fund. Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are ...
The National Health Insurance Fund (NHIF) is a Kenya government state corporation with a mandate to provide health insurance to Kenyans. [2] The core business and mandate for NHIF is to provide accessible, affordable, sustainable and quality health insurance for all Kenyan citizens. The National Hospital Insurance Fund has published new NHIF ...
Grievance redressal. Grievance Redressal is a management- and governance-related process used commonly in India. While the term "Grievance Redressal" primarily covers the receipt and processing of complaints from citizens and consumers, a wider definition includes actions taken on any issue raised by them to avail services more effectively.
The Energy and Petroleum Regulatory Authority (EPRA), formerly the Energy Regulatory Commission (ERC) is an independent regulatory authority responsible for technical and economic regulation of electricity, petroleum (Upstream, midstream and downstream) and renewable energy subsectors in Kenya. [1]
Politics of Kenya. The Public Service Commission (PSC) of Kenya is an independent government commission established under Article 233 (1) of the Constitution of Kenya to manage human resources in the Kenya Civil Service and the Local Authorities. [1]
Centralised Public Grievance Redress and Monitoring System. Public Grievances Redressal is one of the flagship initiatives for the reformation in governance started by the Indian central government through addressing the grievances of general public. It was created in June 2007 by the Department of Administrative Reforms & Public Grievances.