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The Employees' Provident Fund Organisation (EPFO) is part of India's social security system, ensuring the financial security of employees. Operating under the jurisdiction of the Government of India's Ministry of Labour and Employment, the EPFO is entrusted with the regulation and oversight of provident funds in the nation, in conjunction with the Employees' State Insurance. It was established ...
The Ministry of Labour & Employment is one of the oldest and most important Ministries of the Government of India. This is an India's federal ministry which is responsible for enforcement of labour laws in general and legislations related to a worker's social security. [2] The Ministry aims to create a healthy work environment for higher production and productivity and to develop and ...
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Social Security These are retirement, healthcare, disability, childcare, gratuity and provident fund and insurance programs mostly governed by The Code on Social Security, 2020, most of which are mandatory for all Indian and foreign employees' working in India. [13]
Employees' State Insurance Corporation (ESIC) is one of the two main statutory social security bodies under the administrative control of Ministry of Labour and Employment, Government of India, the other being the Employees' Provident Fund Organisation.
National Career Service (India) The National Career Service (NCS) is a career service in India operated by the Indian Government 's Ministry of Labour and Employment. It was launched by Prime Minister Narendra Modi on 20 July 2015, aimed at replacing the existing nationwide system of Employment Exchanges with IT-enabled Career Centers. [1]
india.gov.in, also known as the National Portal of India. [1] is the official web portal of India. It presents information resources and online services from government sources, accessible from a single point. It is the official portal of the Indian Government, designed, developed and hosted by National Informatics Centre (NIC), an S&T Organisation of the government of India under the aegis of ...
The NPS started with the decision of the Government of India to stop defined benefit pensions, Old Pension Scheme (OPS) for all its employees who joined after 1 January 2004. The employee contributes 10% of his gross salary to the system while the employer contributes a matching amount.