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.
Denne historien er fra December 14, 2024-utgaven av Financial Express Delhi.
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Denne historien er fra December 14, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday.
'Unusual' surge in November gold imports under govt lens
COMMERCE MINISTRY EXAMINING ANY ERROR IN DATA COMPILATION
H-1B overhaul a boon for Indian techies
THE US GOVERNMENT on Tuesday announced major reforms in its popular H-1B visa programme, a move that is expected to help thousands of Indian tech professionals.
Sebi tightens SME listing regulations
● Performance validation agency PaRRVA set up
Trump threatens to impose reciprocal tariffs on India
US PRESIDENT-ELECT DONALD Trump has said that India charges \"a lot\" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD IN the corridor outside the press conference room after the third Test ended in a draw. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".
US announces H-1B visa overhaul, Indian techies to benefit
TO TAKE EFFECT IN MID-JANUARY
Free healthcare for senior citizens: Kejriwal
AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.
Sebi tightens SME IPO rules
Sebi cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the threshold for identifying HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introducing a sunset clause governing corporate governance of debt-listed securities.
Trump threatens to impose reciprocal tariffs on India
HE MADE THE remarks while responding to a question on a potential trade agreement with China.
