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The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...
The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who ...
After the 69th Constitutional (Amendment) Act of 1991 came into force, Delhi was formally renamed as the National Capital Territory of Delhi or NCT of Delhi. During the 1970s, Delhi had only four administrative districts ie North, South, Central and New Delhi. [12] Between January 1997 and September 2012, there were nine administrative ...
The economy of Delhi is the 12th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion [1] and the Nominal GSDP of the NCT of Delhi for 2023-24 was estimated at ₹11.07 lakh crore (US$130 billion) [10][11] recording an annual growth of 9.2%. Growth rate in 2014-15 was 9.2%.
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
t. e. The Government of India (ISO: Bhārata Sarakāra, legally the Union Government or Union of India[1] and colloquially known as the Central Government) is the central executive authority of the Republic of India, a federal republic located in South Asia, consisting of 28 states and eight union territories. The government is led by the prime ...
It is run by the social security body Employees' Provident Fund Organisation (EPFO). In this system, an employee contributes 10% to 12% of his monthly salary here and his employer contributes a matching amount, with a total contribution of 20% to 24% of the employee's gross salary, while the state contributes an additional 1.16%, which makes it ...
The Government of National Capital Territory of Delhi (Amendment) Act, 2021 (or the GNCTD Amendment Act) [1] was enacted by the Government of India on 28 March 2021. [2] It amends the Government of National Capital Territory of Delhi Act, 1991 to give primacy to the centrally appointed Lieutenant Governor of Delhi and make the elected Government of Delhi subsidiary.