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The EPFO fixed a three-year high interest rate of 8.25% on employees’ provident fund for 2023-24 on February 10. The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) has recommended an interest rate of 8.25% on provident fund (PF) deposits for 2023-24. The current interest rate is 8.15%. “The move is…
Read More “EPFO to marginally hike interest on PF deposits to 8.25%” »
Since 2017, the Indian government has been using the Employees Provident Fund (EPF) scheme’s data as a measure of payroll employment and formal job creation in the country. The monthly data released as part of this initiative has generally shown net increases in the number of contributors and this has been portrayed as evidence of…
Read More “Data | The contours of India’s ‘formal jobs’ crisis” »