Develop mechanism to notify members on deductions: Mandaviya directs EPFO

Quick Summary:

The move will bring transparency in Employee Provident Fund (EPF) deductions to build trust between employers and employees, the Minister for Labour & Employment said in a review meeting with EPFO Officials.

The minister has directed the Employees' Provident Fund Organisation (EPFO) "to implement a robust and transparent system for all members regarding their Employee Provident Fund (EPF) deductions", the ministry said in a statement.

Union Minister Mansukh Mandaviya on Friday directed EPFO to develop and implement a mechanism to regularly notify members about their deductions.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Mandaviya EPFO EPFO officials Mansukh Lal Mandaviya PF deductions Provident Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 20:45:10 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 229 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22308790

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