Sunday, September 7, 2025
spot_img

Centre to pay PF share of employer, employee till 2022

spot_img
- Advertisement -

According to ANI report, Union Finance Minister, Nirmala Sitharaman on Saturday said that the Central Government will pay provident fund (PF) contribution for each employer and the employee till 2022 for those that have been known as again to work for small scale jobs in the formal sector after shedding their job.

She also highlighted the Centre’s effort to help migrant staff who returned to their native place after shedding jobs in the casual sector.

“If in a district, more than 25,000 migrant workers working in the informal sector return to their native place will get benefits from 16 Central schemes for employment. In 2020, we increased the MGNREGA budget from Rs 60,000 cr to around Rs 1 lakh cr due to COVID: Finance Minister,” Fiance Minister added.

The government hiked the Mahatma Gandhi National Rural Employee Guarantee Act (MGNREGA) budget from Rs 60,000 crore to around Rs 1 lakh crore in 2020 amid the Covid-19 pandemic.

The retirement body of EPFO released the provisional payroll data on August 20 which released a growing trend as it included 12.83 lakh net payroll additions during June 2021.

The impact of the second wave of the Covid-19 pandemic waned in June, with respect to payroll data, resulting in huge growth compared to April and May this year, according to EPFO.

The data’s month-on-month analysis highlighted an increase of 5.09 lakh additions in net subscribers during June this year, compared to May 2021.

Fiance Minister was in Lucknow for the launch of a number of schemes and initiatives. She addressed the viewers on the launch of ‘Mission Shakti 3.0’, below which Rs. 30.12 crores have been transferred in the account of 1.55 lakh women.

Sitharaman stated girls shall spearhead the event of Uttar Pradesh below chief minister Yogi Adityanath’s Management.

She additionally highlighted the monetary inclusion insurance policies, together with Stand-Up India Scheme, Pradhan Mantri MUDRA Yojana, Jan-Dhan Yojana, for girls and girls entrepreneurs over the past seven years.

The Union finance minister additionally attended the launch of the ‘Ubharte Sitaare Fund’ (USF) and interacted with founders of numerous corporations, together with start-ups, recognized below the Ubharte Sitaare programme. The program identifies Indian corporations which have the potential to be future champions in the home area whereas catering to international calls.

Sitharaman stated Uttar Pradesh has successfully applied the One District One Product Programme, which supplies the perfect ecosystem for the success of a program just like the Ubharte Sitaare Programme.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Amazon Trims AWS Workforce as Cloud Operations Restructure

Amazon has initiated a fresh round of job cuts...

TCS BPS Hiring 2025, Entry-level Job Opportunities, Apply Now

India's largest IT services provider Tata Consultancy Services (TCS)...

Air India to bolster the ethics culture at the airline

Air India has put in place an ethics governance...

Hexaware Technologies India Hiring: hundreds of roles, Apply Now!

A global technology and business process services company, Hexaware Technologies...

Meesho is hiring for various roles under Work From Anywhere model

An Indian e-commerce company, Meesho is inviting job applications...

IAMAI appoints Google India MD Sanjay Gupta as Chairman

Industry body IAMAI on Thursday said Google India Vice President and Managing Director Sanjay Gupta has...

TCS invites applications for TCS Internships Program, Apply Here

India's largest IT service provider Tata Consultancy Services (TCS)...

slice ropes-in Bhawna as Chief Legal & Strategy Officer from Amazon

India's lending, and consumer payments company slice has appointed...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/