The labour ministry is working on a project where a certain proportion of the EPF will be frozen, and a large chunk will be available for withdrawal through their bank account using Unified Payment Interface (UPI), the source told PTI.
Axios also reported that the buyers were Audax Private Equity and ParthenonCapital, which acquired EPFS as part of a large‑scale healthcare revenue‑cycle management consolidation. EPFS, formerly known ...
At present, EPF contributions are mandatory only for employees earning up to ₹15,000 a month ... By increasing the ceiling to ₹25,000, the government aims to expand EPF coverage and improve long-term financial security for a larger segment of employees.
The government is likely to increase the ceiling of the Employees’ Provident Fund (EPF) framework from Rs 15,000 to Rs 25,000 per month ...Currently, EPF contributions are mandatory only for employees earning up to Rs 15,000 per month.
MORE BUDGET COVERAGE To read the Press-Republican’s article about the Fiscal Year 2027 budget proposed by Gov. Kathy Hochul that ran online Jan. 20 and in print Jan. 21 “Hochul unveils FY 2027 budget,” visit ... .