EPFO WAGE CEILING INCREASE
RBI issues new domestic money transfer guidelines, retains Rs 50,000 NEFT remittance limit
The Reserve Bank of India has issued new guidelines for domestic money transfers in India. It allows customers to remit up to Rs 50,000 through NEFT at bank branches. Meanwhile, cash pay-out services are capped at Rs 10,000 per transaction and Rs 25,000 monthly per beneficiary. Banks can facilitate transfers to recipients without bank accounts through business correspondents or ATMs.
Tea industry groups back panel's proposal for minimum sustainable price as costs outpace prices
Five tea industry associations have welcomed the government committee's recommendation for a minimum sustainable price for tea. This recommendation aims to address rising production costs that are exceeding the prices received by producers. The proposed benchmark price is linked to wage movements and consumer price indices, which will be reviewed periodically. Producers believe this pricing mechanism will help absorb wage increases and support investment in tea production.
Govt raises price cap for electronic devices to Rs 1.8 lakh for officers; personal retention rights after 4 yrs
The Centre has raised the purchase ceiling for laptops, tablets and similar devices for eligible government officers to ₹1.5 lakh plus taxes, or ₹1.8 lakh for devices with more than 40% Make-in-India content. Officers in Pay Level 12 and above will be eligible, while departments can extend coverage to some lower pay levels, and employees may retain the devices after four years of use.
Higher EPS pension: Pensioners request Labour Ministry to withdraw EPFO circular rejecting exempted employees' higher pension claims
The National Confederation of Pensioners' Associations has requested the Labour Ministry's urgent intervention in pending pension cases. They seek to withdraw a circular from January 2025 that affects higher EPS pension eligibility. The NCPA emphasizes eliminating discrimination between exempted and unexempted establishments regarding pension rights. They have proposed several recommendations to streamline the processing of pension applications and address delays.
Behind Bangladesh's garment boom, workers cut food, healthcare as wages fall short
Garment workers in Bangladesh are facing financial struggles due to rising costs of living. Many workers, such as Shilpi Khatun, have seen wages stagnate while expenses continue to rise. Protests erupted recently, demanding an increase in the minimum monthly wage to 30,000 taka. The government plans to revise wages but has not announced the increase yet. The ongoing economic pressures are affecting workers' daily lives and choices.
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Budget 2027-28: PHDCCI urges govt to scrap LTCG tax on equities, cut STCG tax to 10%
PHD Chamber of Commerce and Industry has made recommendations for the Union Budget 2027-28. They have proposed abolishing long-term capital gains tax and reducing short-term capital gains tax rates. The chamber has also called for relaxed loan repayment norms and higher loan limits for MSMEs. They highlighted the economic significance of MSMEs in India's GDP and employment. Improved access to credit and equity support could enhance India's global manufacturing position.
Have incorrect details in your EPF account? 5 easy steps to update name, date of birth, date of joining & more online
EPF members now have the ability to rectify discrepancies in their account records using the newly introduced online joint declaration facility. This tool enables users to update personal information, such as names and dates of birth. Once a correction request is made, it requires verification and approval from the employer before the EPFO office finalizes the process.
EPFO’s November 19 meeting to be held in New Delhi: Can EPFO increase minimum EPS pension from Rs 1,000?
The Employees' Provident Fund Organisation is gearing up for its 240th Central Board of Trustees assembly, scheduled for November 19, 2026, in New Delhi. However, official confirmation from the government about these proposed changes is still pending, even as calls for enhanced pension benefits persist.
TRAI sets port charge ceilings for IP-based interconnection, effective Jan 2027
TRAI has capped annual charges for telecom IP interconnection ports at ₹5.6 lakh for 1 Gbps and ₹42.3 lakh for 10 Gbps, effective January 1, 2027. The ceilings apply across fixed-line, mobile and long-distance services, with operators free to negotiate lower rates.
Nine rescued after ceiling slab collapses in Thane building
On Sunday morning in Thane, a ceiling slab of a flat collapsed, trapping residents inside. Rescue operations involving the fire brigade and local police quickly followed, ensuring safety for all trapped individuals. Nine residents, including an elderly couple, were successfully brought out unharmed after the incident. The collapse occurred in a four-storey building known as Ganraj Society located in Vartak Nagar.
DA hike: Diwali bonanza for UP govt employees, 63% raise announced; revised rates effective from July 1
The revised allowance will be reflected in the November salary, while the arrears for the preceding four months will be deposited separately into their provident fund accounts. The announcement comes ahead of Diwali, with the revised allowance set to benefit a large section of the state's workforce.
EPFO total contributions expected to rise by 25% in 2027-28 due to wage ceiling increase
EPFO is forecasting a major increase in its total contributions for the financial year 2027-28. The wage ceiling has been raised to ₹25,000 from ₹15,000, effective September 17. Total contributions for the current year are estimated to exceed previous budgeted amounts significantly. Additionally, the board will consider investing up to 3% in alternative investment funds.
EPFO reveals conditions to join EPF, EPS and EDLI
The Ministry of Labour and Employment has raised the Employees' Provident Fund wage ceiling to enhance participation. Employees earning between Rs 15,000 and Rs 25,000 will now be required to join the schemes. Those earning less than Rs 15,000 can also opt into the schemes voluntarily. This increase in ceiling may lead to higher PF contributions and, consequently, greater retirement savings.
Centre issues advisory to states to boost fodder production, livestock infra under VB-G RAM G
The Centre has issued an advisory to states and Union territories to improve fodder security and livestock infrastructure. This advisory promotes convergence under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission Act, 2025. It identifies 22 permissible works supporting fodder cultivation, livestock shelters, and veterinary health facilities. States are encouraged to increase expenditure on these works while aligning with local development priorities.
Bangladesh garment factories close as workers clash with police in pay protests
Bangladesh's garment workers have been demanding a minimum wage increase due to rising living costs. Following their protests, police intervened with tear gas and stun grenades in several areas. Factory shutdowns were reported, impacting the country’s crucial garment industry significantly. The government is responding by forming a new wage board to address workers’ demands. Workers are expected to receive their first salaries under this new pay scale in January.
EPFO WhatsApp Service: How to check PF balance, view transaction history and download passbook easily; here's how
The Employees' Provident Fund Organisation (EPFO) has introduced a convenient WhatsApp service to enhance member access to their provident fund details. This innovation enables users to effortlessly check their EPF balance and examine transaction histories. Additionally, members can obtain their passbook directly via WhatsApp following a verification step. Launched by Union Labour and Employment Minister Mansukh Mandaviya, this initiative aims to simplify service access for all members.
EPFO’s WhatsApp service: You can check EPF balance, view last 5 transactions and download passbook by sending message
The launch of the EPFO WhatsApp service was announced by Union Minister Mansukh Mandaviya. This new feature empowers subscribers to easily check their EPF balance, view the latest transactions, and download passbook details. Moreover, the initiative addresses automatic settlements for dormant accounts, benefiting around one lakh users whose balance falls under Rs 1,000, thereby simplifying processes and minimizing the necessity for in-person visits.
Mansukh Mandaviya rolls out EPFO services on WhatsApp, starts auto-settlement of small inoperative accounts
Union Labour & Employment Minister Mansukh Mandaviya launched EPFO services through WhatsApp for easier access. Subscribers can check their PF balance and transaction history conveniently using this platform. The automatic settlement for inoperative EPF accounts was also introduced, streamlining the process for beneficiaries. In total, around one lakh accounts will benefit from this initiative. The EPFO's commitment to evolve and focus on worker-centric innovations was emphasized during the celebration.
Has EPFO extended ECR filing deadline from October 31, 2026? What employers need to know
Employers must file the Electronic Challan-cum-Return for September 2026 by October 31, 2026. The EPFO extended the previous deadline to accommodate changes in contribution calculations due to the new wage ceiling. For the period of September 1 to 16, contributions are calculated at Rs 15,000, while from September 17 onward, they will be at Rs 25,000.
EPS-95: Private sector employees win higher pension case in Bombay High Court despite PF Trust wage ceiling limit cap; know why
EPS-95: Private sector employees wins case for higher pension as Bombay HC rules higher pension can be given even if PF trust rules capped the contributions at statutory wage ceiling limit
UK new minimum wage 2027: What will the new rates be, how much more will workers earn, and when does the new minimum wage start?
UK minimum wage 2027: The UK minimum wage will rise by 3.9% in April 2027, taking the hourly rate to £13.21 for workers aged 21 and over and £11.27 for those aged 18 to 20. Here's what to know about the new minimum wage 2027, how much more workers will earn and when the new rates take effect.
EPS-95 higher pension: Pensioners’ body appeals to President as retirees struggle to get higher pension
The National Confederation of Pensioners’ Associations has requested intervention from President Droupadi Murmu regarding higher EPS pension issues. They demand the withdrawal of a problematic EPFO circular that affects eligibility for pensions based on internal trust rules. In addition, they seek to halt unnecessary litigation and ensure uniform treatment for all retirees. The NCPA calls for waiving punitive interest related to administrative delays on pension claims.
EPS pension hike: Can EPFO increase minimum monthly pension from Rs 1,000 at its proposed November 19 meeting?
The Employees' Provident Fund Organisation may discuss increasing the minimum monthly pension under the Employees' Pension Scheme. A proposal to raise the pension from Rs 1,000 is anticipated during the next Central Board of Trustees meeting.
EPS-95 pension row: Retirees challenge 2007 EPF amendment over lower pension; Karnataka HC rules against them
The Karnataka High Court ruled against retired employees challenging amendments to the Employees' Pension Scheme, 1995. The court found the government's power to amend the scheme was legitimate and did not violate vested rights. Retired employees argued that their pension entitlements were reduced by the 2007 amendments. The EPFO clarified that the amendments corrected existing anomalies and did not take away benefits.
No additional EPS contribution by government on higher wage ceiling of Rs 25,000; know what it means for your pension
EPS pension: In a recent notification, the central government confirmed that the Employees' Pension Scheme contribution will remain at the current cap of Rs 15,000, despite announcing a new wage ceiling of Rs 25,000. This choice reflects findings from earlier actuarial evaluations pointing to a potential funding shortfall. Additionally, the government has promised supplementary budgetary support to ensure current pension payouts, although sustainability concerns have been voiced in Parliament.
Salary up to Rs 25,000: EPFO reveals how you can enrol for EPF, EPS and ELDI schemes
The government recently raised the wage ceiling for the Employees' Provident Fund to Rs 25,000, allowing a broader range of workers to access the EPF, EPS, and EDLI schemes. This increase means that employees earning up to the new limit can secure essential social security benefits.
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