Employee Pension Scheme 1995 in Gujarati PDF

Employee Pension Scheme 1995 in Gujarati PDF Details
PDF Name	Employee Pension Scheme 1995 in Gujarati PDF
No. of Pages	01
PDF Size	0.03 MB
Language	English
Category	English
Source	dppf.gujarat.gov.in
Download Link	Available ✔
Downloads	17

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Employee Pension Scheme 1995 in Gujarati

Dear readers, if you are searching for Employee Pension Scheme 1995 in Gujarati PDF and you are unable to find it anywhere then don’t worry you are on the right page. Employees’ Provident Fund Organization (EPFO) is the statutory body under the Ministry of Labor and Employment, Government of India, responsible for the regulation and management of provident funds in India. EPFO manages the Mandatory Provident Fund. It also manages social security agreements with other countries. International employees are covered under EPFO ​​schemes in countries where bilateral agreements have been signed. As of May 2021, there have been 19 such agreements. The Central Board of Trustees (CBT), the apex decision-making body of the EPFO, established by the Employees’ Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952 is a statutory body. As of 2018, over ₹11 lakh crore (US$157.8 billion) are under EPFO ​​management.

Employee Pension Scheme 1995 in Gujarati PDF – Origins

The first Provident Fund Act, passed in 1925 to regulate the provident funds of certain private companies, was limited in scope. In 1929, the Royal Commission on Labor emphasized the need to create a provident fund for industrial workers. In the Indian Labor Conference held in 1948, it was generally agreed that a statutory provident fund should be introduced for industrial workers. The Coal Mines Provident Fund Scheme was launched in 1948. The success of this fund called for its expansion into other industries.

The Constitution of India enacted a non-equitable directive in 1950 that the State shall, within the limits of its economic capacity, make effective provision to secure the right to work, education, and public assistance in cases of unemployment, old age. Illness and disability and ineligible desire. Accordingly, in the last months of 1951, the Employees’ Provident Fund Ordinance was promulgated, which came into effect on 5 November 1951. Employee Pension Scheme 1995 in Gujarati It was replaced by the Employees’ Provident Fund Act, which extended to the whole of India except Jammu and Kashmir. The Employees’ Provident Fund Scheme, created under Section 5 of the Act, was introduced in phases and became fully operational by 1 November 1952.

The cement, cigarette, electric, mechanical, and general engineering products, iron, steel, paper, and textile industries were affected by the Act. The Acts and Schemes made under it are administered by the Central Board of Trustees, consisting of representatives of the Central and State Governments, employers and employees. The board operates a contributory provident fund, a pension scheme, and an insurance scheme for employees engaged in the organized sector in India. [7] The board is chaired by the Union Labor Minister of India.

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