WITHDRAWAL OF PROVIDENT fund (PF) money through an ATM could soon become a reality. To enhance "ease of living", the government is mulling to introduce this facility by early next year, official sources told FE. The labour ministry is going to hold consultations with the RBI and major commercial banks to prepare a roadmap, the sources said.
"Currently the plan is at a nascent stage, and a blueprint is not made yet," an official said. "We wish to improve the digital infrastructure of the Employees' Provident Fund Organisation (EPFO) first. Only then, such a mechanism can be introduced," the person added. Currently, the EPFO has over 70 million active contributors.
Esta historia es de la edición December 14, 2024 de Financial Express Chandigarh.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 14, 2024 de Financial Express Chandigarh.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Maharashtra portfolios: CM keeps home; Pawar gets finance
MAHARASHTRA CHIEF MINISTER Devendra Fadnavis on Saturday allocated portfolios to his council of ministers, retaining the crucial Home department with him.
Film fest raises toast to women, Kerala hopes industry follows
WHEN SHE SET out to direct her first feature film, Adithya Baby had an army of university classmates as her cast and crew.
AAP rejects claims of nod to prosecute Kejriwal
AAM AADMI PARTY leaders in Delhi, including chief minister Atishi, on Saturday rejected claims that Lieutenant Governor VK Saxena has granted sanction to the Enforcement Directorate to prosecute party supremo Arvind Kejriwal in the alleged excise policy scam.
US shutdown averted, with funding bill rushed by Senate
Gets overwhelming approval in the House of 366-34
A 'second tree of life' could wreak havoc, scientists warn
Research on altering fundamental DNA, protein structures could lead to synthesis of lethal organisms
How to repair the planet? An answer hides in plain sight
What if we're looking at environmental problems the wrong way? What if we tackled them as a whole, instead of individually?
Battle for Mont Choisy
A Sunday showdown at the 2024 AfrAsia Bank Mauritius Open golf finale
Big blows for the Constitution
A commemoration of 75 years of adoption of the Constitution in Parliament
Shame and hypocrisy
WHAT REALLY NAUSEATED me about the shenanigans in Parliament last week was the hypocrisy.
Get informed on inflammation
We all know about anti-inflammatory diets, but do we know inflammation?
