Dear Friends,
Rates for Provident Fund for 2012-13 Declared ---- 25th February, 2013
Over five crore PF subscribers would get 8.5 percent interest for their deposits for 2012-13 higher than 8.25 percent disbursed in the previous financial year.
After a board meeting of EPFO's apex decision making body the Central Board of Trustees (CBT), Labour Minister Mallikarjun Kharge told reporters: "The board discussed the rate of interest for 2012-13. After detailed discussion, the board decided to recommend a rate of interest of 8.5 p ercent for the year."
The minister said that the decision to pay 8.5 percent interest rate was taken unanimously by the board, which also has representation from trade unions and employers.
The trustees also decided that EPFO will give a permanent account number to all members so that it is not changed with change in job or location. The EPFO is ready with an action plan to set up a central database for the purpose.
It’s a Good news for all the PF subscribers.
Rajan Nijhawan
ILBCO INDIA
1562, Church Road,
Kashmere Gate,
Delhi – 110006 (INDIA)
Ph: 011-23869939; 23860348
M : 9540551212; 9310551212
If you want to regularly update yourself with the Latest on Labour Laws subscribe to ILBCO’s Updates on Labour Laws. Here we are also giving you the Latest CaseLaw from Labour & Industrial Law Reporter (LILR) January, 2013 and also the details for ILBCO’s Updates on Labour Laws … a subscription for every HR Professional --- subscribe today to stay ahead.
From India, Delhi
Acknowledge(0)
Amend(0)
11Rates for Provident Fund for 2012-13 Declared ---- 25th February, 2013
Over five crore PF subscribers would get 8.5 percent interest for their deposits for 2012-13 higher than 8.25 percent disbursed in the previous financial year.
After a board meeting of EPFO's apex decision making body the Central Board of Trustees (CBT), Labour Minister Mallikarjun Kharge told reporters: "The board discussed the rate of interest for 2012-13. After detailed discussion, the board decided to recommend a rate of interest of 8.5 p ercent for the year."
The minister said that the decision to pay 8.5 percent interest rate was taken unanimously by the board, which also has representation from trade unions and employers.
The trustees also decided that EPFO will give a permanent account number to all members so that it is not changed with change in job or location. The EPFO is ready with an action plan to set up a central database for the purpose.
It’s a Good news for all the PF subscribers.
Rajan Nijhawan
ILBCO INDIA
1562, Church Road,
Kashmere Gate,
Delhi – 110006 (INDIA)
Ph: 011-23869939; 23860348
M : 9540551212; 9310551212
If you want to regularly update yourself with the Latest on Labour Laws subscribe to ILBCO’s Updates on Labour Laws. Here we are also giving you the Latest CaseLaw from Labour & Industrial Law Reporter (LILR) January, 2013 and also the details for ILBCO’s Updates on Labour Laws … a subscription for every HR Professional --- subscribe today to stay ahead.
From India, Delhi
Acknowledge(0)Amend(0)
Dear Friends, Rates for Provident Fund for 2012-13 Declared on 25th February, 2013
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
MINIMUM WAGES REVISED IN DELHI
With the new rates coming into effect from April 1, 2013, the minimum wages of unskilled workers per month have been increased from Rs. 7,254 to Rs. 7,722. For semi-skilled workers, the hiked monthly minimum wage has been fixed at Rs. 8,528, up from Rs. 8,008. Skilled workers in the capital will now receive a minimum wage of Rs. 9,386, an increase from Rs. 8,814.
For clerical and non-technical supervisory staff in all scheduled employments, the minimum wage has been set at Rs. 8,528 instead of the previous Rs. 8,008 for non-matriculates. Matriculates but not graduates will now receive Rs. 9,386 compared to Rs. 8,814 earlier. Graduates and above will see an increase to Rs. 10,218 from Rs. 9,594 previously.
From India, Delhi
Acknowledge(0)Amend(0)
With the new rates coming into effect from April 1, 2013, the minimum wages of unskilled workers per month have been increased from Rs. 7,254 to Rs. 7,722. For semi-skilled workers, the hiked monthly minimum wage has been fixed at Rs. 8,528, up from Rs. 8,008. Skilled workers in the capital will now receive a minimum wage of Rs. 9,386, an increase from Rs. 8,814.
For clerical and non-technical supervisory staff in all scheduled employments, the minimum wage has been set at Rs. 8,528 instead of the previous Rs. 8,008 for non-matriculates. Matriculates but not graduates will now receive Rs. 9,386 compared to Rs. 8,814 earlier. Graduates and above will see an increase to Rs. 10,218 from Rs. 9,594 previously.
From India, Delhi
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
REVISED MINIMUM RATES OF WAGES IN DELHI W.doc
Agriculture Labour Minimum Wages GR.pdf