15th January 2024 (9 Topics)
1
Jan
2
Jan
3
Jan
4
Jan
5
Jan
6
Jan
8
Jan
9
Jan
10
Jan
11
Jan
12
Jan
13
Jan
15
Jan
16
Jan
17
Jan
18
Jan
19
Jan
20
Jan
22
Jan
23
Jan
24
Jan
25
Jan
26
Jan
27
Jan
29
Jan
30
Jan
31
Jan
Short News
Government Reconstitutes EPFO Board with Altered Representation
The government has recently done a substantial restructuring of the Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO), with notable alterations in the representation of trade unions.
- Term of Board: Five years
- The last reconstitution: November 2018,
- The revised board includes members from prominent trade unions such as the Bharatiya Mazdoor Sangh (BMS), Hind Mazdoor Sabha, Centre of Indian Trade Unions (CITU), and others.
- Notable absence : All India Trade Union Congress (AITUC), All India United Trade Union Centre (AIUTUC), and Indian National Trade Union Congress (INTUC).
- Concern: About the composition of the board and the exclusion of specific trade unions.
About EPFO:
- The Employees' Provident Fund Organisation (EPFO) is a tripartite, statutory body formed by the central government under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
- Comprising representatives from employees, employers, and the government, the EPFO Board's tenure is five years.
- The Union Minister of Labour and Employment serves as the Chairman, leading a board that includes a Vice Chairman, Central Provident Fund Commissioner, central government representatives, state government representatives, employers' representatives, and employees' representatives.
Role of the Board: Administering funds, delegating administrative and financial powers, appointing officers and staff, maintaining accounts, and determining the annual interest rate for over 29 crore EPFO subscribers, approximately 6 crore of whom are active contributors.
Courses
Study
Notes
Home
Resources
More
