EPF wage ceiling more likely to be raised to ₹25,000 from ₹15,000; Cupboard could focus on proposal

The wage ceiling is more likely to be elevated to ₹25,000 for necessary EPF/EPS protection, sources mentioned.

MUST READ | EPF Kind 10C defined: Who qualifies for EPS withdrawal advantages? Verify eligibility, service guidelines, paperwork & declare course of

The transfer could strengthen social safety protection within the formal sector, in line with sources.

The proposal, if mentioned, may end in modifications to the prevailing wage threshold for necessary protection. Nevertheless, the ultimate determination and particulars could differ from the proposal at present into consideration.

DON’T MISS | New EPF advance guidelines: Withdrawal provisions made simpler for members

Individually, the Union Cupboard may take into account a proposal for the creation of posts for the Information Safety Board, sources mentioned.

The Cupboard may take into account an MoU between India and Russia for cooperation in essential minerals, they mentioned.