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Parent. Ministry of Finance. Website. epf .lk. The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [ 3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of ...
Origins. The Employees' Provident Fund Organisation (EPFO) holds a pivotal role in India's social security system, dedicated to ensuring the financial security of employees. Operating under the jurisdiction of the Government of India's Ministry of Labour and Employment, the EPFO is entrusted with the regulation and oversight of provident funds ...
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [7] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
It's bundling them together with its core services in a "platformization" strategy, which it claims will drive away those competitors and stabilize its long-term growth -- but it's currently being ...
In 2022, 1 in 10 babies born in the U.S. were premature, an 8% increase since 2014 after a steady decline in the early 2010s. Babies born at less than 37 weeks of gestation are considered preterm ...
Those who remained diabetes-free for at least 4 years had a 26% lower risk of all-cause mortality and a 40% lower risk of vascular problems. Participants who remained free of diabetes for at least ...
This article lists the 100 oldest living current or former state leaders whose age can be demonstrated beyond reasonable doubt. State leaders are defined to include heads of state (including representatives who act in their stead, generally a governor-general), heads of government and internationally recognized de facto leaders [α] of sovereign states with significant international recognition.
The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...