Centre plans pension scheme for gig workers, firms to contribute | India News – The Times of India

NEW DELHI: In a significant step to enhance social security for gig workers, labour and employment ministry is developing a transaction-based pension policy, with aggregators required to chip in with 1-2% of their annual turnover towards the scheme. The initiative is targeted at nearly one crore platform workers across India, a govt source said on…

Read More

New Year cheer for PF subscribers! Faster automatic EPFO claim settlement process in works – Times of India

EPFO currently permits automatic settlement of partial withdrawals up to Rs 1 lakh for housing, education and marriage purposes. (AI image) New Year cheer for Provident Fund subscribers! The Labour and Employment Ministry has established a five-person committee to develop a strategy for expediting auto claim settlements at EPFO whilst eliminating manual processing requirements. This…

Read More