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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 ...
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Provident fund. Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are ...
Jharkhand Rajya Gramin Bank [1] ( JRGB) is a Regional Rural Bank (RRB). The bank was established on 1 April 2019 with the amalgamation of the erstwhile V ananchal Gramin Bank and erstwhile J harkhand Gramin Bank under the provisions of RRB Act 1976.
The Global Policy Forum (GPF) is an international non-governmental organization founded in December 1993 and based in New York and Bonn (Global Policy Forum Europe). [1] The aim of the Global Policy Forum is to critically accompany and analyze developments in the United Nations and on the topic of global governance.
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Heavy Engineering Corporation Ltd. Heavy Engineering Corporation Limited or HECL is a Public Sector Undertaking (PSU) in Ranchi, Jharkhand, India. HECL was established in the year 1958 [1] as one of the largest Integrated Engineering Complex in India. It manufactures and supplies capital equipments & machineries and renders project execution ...
Old Pension Scheme (OPS) in India was abolished as a part of pension reforms by Union Government. Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness Allowances (DA) etc. OPS was an unfunded pension scheme financed on a pay-as-you-go ...