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Employees Provident Fund (Nepali:कर्मचारी सञ्चय कोष) Nepal is the pension fund/provident fund for employees of government and private sector of Nepal. The Fund is currently managing provident funds of 600,000 employees working for the government and in the private sector. [1] The Fund also invests in different ...
Nepal has a labour force of 16.8 million workers, the 37th largest in the world as of 2017. [1] Although agriculture makes up only about 28 per cent of Nepal's GDP, it employs more than two-thirds of the workforce. [2] Millions of men work as unskilled labourers in foreign countries, leaving the household, agriculture, and raising of children ...
Nepal SBI Bank Limited. Nepal SBI Bank Limited (NSBL) was the result of the first Indo-Nepal joint venture in the financial sector sponsored by three institutional promoters, namely State Bank of India (SBI), Employees Provident Fund and Agricultural Development Bank of Nepal through a memorandum of understanding signed on 17 July 1992.
Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are concerned ...
Employees' Provident Fund Organisation – a statutory social security body of the Government of India that administers a mandatory Provident Fund Scheme, Pension Scheme and a death/disability Insurance Scheme. Provident Fund is applicable for employees across all establishments (private as well as government, subject to criteria).
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The Ministry of Labour, Employment and Social Security ( Nepali: श्रम, रोजगार तथा सामाजिक सुरक्षा मन्त्रालय) is a government ministry of Nepal that governs the development policies of labour and employment in the country. [1] Dol Prasad Aryal is newly appointed as a minister.
The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...