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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 ...
The Public Provident Fund (PPF) is a voluntary savings-cum-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 ...
An old shipwreck, believed to be the World War I vessel the SS Tobol, has been uncovered off the northeast coast of Scotland, solving what discoverers say is a "107-year-old maritime mystery."
Dena Smagala’s New York City firefighter husband, Stanley Smagala Jr., died as a first responder to the World Trade Center during 9/11 — and for nearly two decades, she was convinced she'd ...
Confusion over directions led a tourist couple to drive into the water at a southern South Carolina marina, police said. Restaurant employees jumped into the water to rescue the couple from their ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
Those comments sent Trump Media’s share price skyrocketing, for a few hours at least. It’s a big decision for Trump, who has seen the value of his stake plunge to $1.8 billion. As recently as ...