News Update

PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC
 
Yadav launches e-passbook for EPFO members, inaugurates creche facility

By TIOL News Service

NEW DELHI, MAR 29, 2023: UNION Minister for Labor and Employment Bhupender Yadav today launched e-passbook for the benefit and convenience of the EPFO members enabling them to view more details of their accounts in graphical representations. Yadav inaugurated crèche facility in 63 regional offices of EPFO where 100 or more employees are working and laid foundation Stone of the office building of Regional Office Prayagraj, Uttar Pradesh. The Office building of Regional Office Keonjhar, Odisha was also virtually inaugurated by the Union Minister.

Earlier the 233 rd meeting of Central Board of Trustees, EPF was held during which t he following decisions were taken:

- The Board approved the Revised Estimates for the year 2022-23 and Budget Estimates for the year 2023-24 for schemes administered by EPFO.

- The Board approved the five year perspective plan for enhancement of physical infrastructure of EPFO which includes purchase of land, building construction and special repairs, involving cost of Rs.2200 crores.

- The Board was apprised on the actions taken towards compliance of the Supreme Court judgment regarding Pension on higher wages and measures taken to facilitate filing of options etc

- The Board approved the proposal for conversion of status of EPFO from Associate   Member   to   Affiliate   Member   in International Social Security Association (ISSA) that was in line with the EPFO@2047 vision document and would enable EPFO to play a bigger role in the international social security platform of ISSA.

- CBT approved the umbrella MoU signed between EPFO and NTA for conduct of various examinations. The first action has been initiated as per the MoU by notification of Direct Recruitment Examination in the cadres of Social Security Assistant and  Stenographer.

- The Board approved constitution of Committee for recommending amendments in the Employees' Provident Fund (Officers and Employees Conditions of Service) regulations, 2008.

- The Board approved the proposal for extension of AMC of Portfolio Managers.

- The Board approved the proposal for investing the proceeds of ETF Investments in any of the permissible category of investments subject to the limit prescribed for that category.

A presentation was made before the CBT on EPFO's initiative Nidhi Aapke Nikat 2.0. This District Outreach Programme is being conducted throughout the country on 27th of every month. The members of the CBT had live interaction with the district camps at Vadodara (Gujarat) and Baksa (Assam). Yadav appreciated and congratulated everyone for the successful conduct of Nidhi Aapke Nikat 2.0.


POST YOUR COMMENTS
   

TIOL Tube Latest

Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.