Skip to main content

EPFO issues guidelines to settle death claims in 7 days

By
Retirement fund body EPFO today said it has issued guidelines to its field offices to settle death claims within seven days and retirement cases before a worker retires from the job.
Labour Minister Bandaru Dattatreya today took stock of the action taken on directions of Prime Minister Narendra Modi during a review meeting on October 26, the Labour Ministry said.
Central Provident Fund Commissioner (CPFC) informed the Minister that on Prime Ministers’ directions, EPFO has issued detailed guidelines on retirement and death cases, it added.
These guidelines have been issued to the field offices to sensitise them and “take prompt and proactive action to settle the death claims within seven days and in retirement cases on or before the day of retirement,” the Ministry said.
It was also stressed upon that grievances on social media need to be replied to expeditiously, it added.
The Employees Provident Fund Organisation (EPFO) today celebrated the 64th Promulgation Day of the Employees Provident Funds and Miscellaneous Provisions Act, 1952.
On the occasion, Dattatreya, who was the chief guest, took stock of the achievements and future road map of the organisation.
The Minister appreciated that EPFO had joined the network of Common Service Centres (CSC) by signing an MoU with CSC e-Governance Services India on October 25, 2016.
This will facilitate issue of Jeewan Praman Patra (life certificate) of 50 lakh EPF pensioners having Aadhar ID, the ministry said.
He also reviewed the status of compliance management and grievance handling system of EPFO.
Dattatreya emphasised increased coordination between the different subordinate bodies of the Ministry for the purpose of data sharing so that the coverage and compliance position vis-a-vis implementation of labour laws improves further.
He also laid emphasis on reconciliation of inoperative accounts and formulation of a housing scheme for EPF subscribers, the ministry added.
(This article was published on November 1, 2016)
Business Standard New Delhi,02th November 2016

Comments

Post a Comment

Popular posts from this blog

Data storage norm splits digital payments industry

By
Data storage norm splits digital payments industry  India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move.  In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET.  “We are trying to build a consensus on the issue," said the person adding that the representation to the central bank will be ready this week.  RBI on April 6, mandated all payment companies—global and local—to set up data storage facilities within India by October. The stringent six-month deadline has attracted the ire of several sections of the industry that fear it will lead to a disruption of wel...
18 comments
Read more

Offer’s for all of you

By
Great Bumper Dhamaka Offer’s for all of you... It's Time to see your Business Online, WebeCreator Offer Website Designing with domain & Email @ nominal charges. For a year For More information visit us http://goo.gl/KlpppF call on 9890151261/9773197533  drop a mail to sales@webecreator.com
Post a Comment
Read more

Sebi to finalise options in commodities today

By
The Commodity Derivatives Advisory Committee of the Securities and Exchange Board of India ( Sebi) will meet on Friday with senior officials of the latter, to give a final shape to the rules on options trading in commodity futures, beside revising the warehousing norms to ensure good delivery on settlement. The decision taken, after discussing with the advisory committee, will be placed before the regulator’s board, to finalise the regulations. According to knowledgeable sources, three commodities in each segment, agricultural and non- agricultural, have been proposed for introducing options. It appears commodities from the soya and guar segments are preferred in the former. From the non- agri segment, it is likely that gold, silver and crude oil will be finalised. All these These have better liquidity and both the National Commodity and Derivatives Exchange and the Multi Commodity Exchange, respectively, will be able to introduce the options. In the equity segments, options ar...
17 comments
Read more