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EPFO likely to increase proportion of funds to UTI for ETF investment

Tuesday, December 4, 2018, 7:46 PM

Retirement fund body EPFO is likely to increase fund allocation to its exchange traded fund manager UTI Mutual Funds as it has provided better returns than SBI Capital on ETF investment by the pension fund. At present, the Employees' Provident Fund Organisation's 75 percent ETF investments are handled by SBI Capital, while remaining 25 percent is managed by UTI Mutual Funds.
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India jobs crisis: How accurate is EPFO payroll data?

Wednesday, October 31, 2018, 3:27 PM

On the face of it, India doesn't have a jobs crisis. While 12-million people enter the labour market each-year, fresh official payroll data showed 14.56-million new-subscribers registered with EPFO in the year to 31-August. During the same period, 9.1-million employees stopped subscribing to EPFO, indicating a churn. If you take the payroll-data on its face value, then jobs are not a problem for Indians.
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House panel to examine functioning of EPFO

Thursday, October 18, 2018, 12:32 PM

A parliamentary panel will examine the functioning of retirement fund body EPFO, its coverage and recovery of arrears. The parliamentary standing committee on labour has also decided to review the implementation of labour laws, social security and welfare scheme for workers. It will also look into the working conditions and welfare of mine workers, and review the working of Directorate General of Mines Safety.

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