preksha

The Employee Provident Fund (EPF) is a retirement savings system that is open to all salaried employees sponsored by the government and paid a fixed interest rate. The Employees Provident Fund Organization (EPFO), a statutory body under the Ministry of Labor and Employment, manages the employee provident fund. EPFO was established to manage the mandated contributions to the PF programme by both employees and employers. When an employee retires, he or she receives a lump sum amount of EPF, which includes the employee's and the employer's contribution, an...

Trade unions in India emerged as a representative of workers and the working class. Workers have worked hard to secure an acceptable level of protection against exploitation over the years. With the emergence of modern industrial establishments and with the increasing number of workers, trade unions have expanded. Trade unions empower workers with low negotiating power. A continuing association of wage earners was formed to sustain and improve their working conditions. A long-term continuous association of employees was created and maintained for furthe...