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Government employees in the union government in 56 ministries [1] and departments under latter as of 1 July 2023 has 48.67 lakhs working employees and 67.95 retired employees on rolls. [2] [1] [3] Indian Railways with 1.3 million employees has highest number of employees in union government. [4]
The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who joined after 1 January 2004. While the scheme was initially designed for government employees only, it was opened up for all citizens of India in 2009. NPS is an attempt by the government to create a pensioned society in India.
The defence industry sector of India is a strategically important sector in India. [1] India has one of the world's largest military forces with a strength of over 1.44 million active personnel. The country has the world's largest volunteer military of over 5.1 million personnel. [ 2 ]
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The same year the present Karmachari Sanchaya Kosh (KSK), or Employees Provident Fund (EPF) in English, was established under the act as an autonomous provident fund organization. After the establishment of EPF, the erstwhile Sainik Drabya Kosh, Nijamati Provident Fund and Provident Fund Department were merged into the EPF. [ 4 ]
Flag of India Location on the world map. India, officially the Republic of India (ISO: Bhārat Gaṇarājya), is a country in South Asia.It is the seventh-largest country by area; the most populous country with effect from June 2023; and from the time of its independence in 1947, the world's most populous democracy.
EPF may refer to: .epf, a file extension for CadSoft Eagle project files; Early pregnancy factor; Eclipse process framework, an open source project; Electricity price forecasting; Employees Provident Fund (disambiguation) Endangered Planet Foundation, an American conservation organization; Ensuring Positive Futures, a British employment program
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]