EPFO Credits ₹1.44 Lakh Crore Interest for FY26 to 35 Crore Accounts in One Go via Centralised Database

Cabinet Raises EPFO Wage Ceiling to ₹25,000; 51 Lakh More Workers Covered from Sept 17

Union Cabinet has approved raising the wage ceiling for mandatory EPFO coverage from ₹15,000 to ₹25,000 per month, effective September 17. This will bring 51 lakh additional workers under EPFO, EPS, and EDLI schemes, with annual government outgo increasing by ~₹1,089 crore.

EPFO Wage Ceiling Hiked to ₹25,000 After 12 Years: 8 Cr Subscribers Impacted

The Ministry of Labour has raised the EPFO wage ceiling from ₹15,000 to ₹25,000 after 12 years, expanding mandatory social security coverage to over 51 lakh additional workers. While this boosts retirement savings and formalisation, it may reduce take-home pay for employees earning between ₹15,000 and ₹25,000 and increase costs for employers, especially MSMEs.

Cabinet Raises EPFO Wage Ceiling to ₹25,000, 51 Lakh More Workers Covered; EPS Minimum Pension Unresolved

The Union Cabinet has raised the wage ceiling for mandatory EPFO coverage from ₹15,000 to ₹25,000 after a 12-year gap, bringing an additional 51 lakh workers under social security. However, the minimum pension of ₹1,000 per month remains unchanged since 2014, with 45% of 82 lakh pensioners receiving that amount or less, sparking demands for urgent revision.

EPFO Wage Ceiling Raised to ₹25,000: Mandatory Coverage for 51 Lakh More Employees

The Union Cabinet raised the EPFO wage ceiling from ₹15,000 to ₹25,000 per month, bringing over 51 lakh additional employees under mandatory social security coverage. The move aims to formalise employment and strengthen retirement savings, but trade unions call it "too little too late" while MSMEs worry about increased contribution burden.

ESIC Report Warns Against Privatisation, Recommends ₹33,000 Wage Ceiling, Panchdeep 2.0 Rollout

The 'ESI Ki Baat' report by Safe In India warns against privatisation of ESIC and recommends raising the wage ceiling to ₹33,000 from ₹21,000 to expand coverage. It also highlights the rollout of Panchdeep 2.0 digital platform and stresses that private involvement must be strictly regulated.

PMJDY: 15.36 Crore Accounts Inoperative, 5.72 Crore Have Zero Balance as per RTI

RTI data reveals that despite 59 crore PMJDY accounts, every fourth is inoperative and 5.72 crore have zero balance, signaling gaps in financial inclusion beyond account opening. UP leads in both zero-balance and inoperative accounts, highlighting regional disparities.

MCA Data Reveals Only 9 Women CEOs, 25 MDs in India's Top 500 Listed Companies

Ministry of Corporate Affairs data tabled in Lok Sabha reveals severe underrepresentation of women in top corporate leadership: only 9 CEOs and 25 MDs among India's 500 largest listed companies. This directly impacts the UPSC/state PSC themes of women empowerment, corporate governance, and the effectiveness of legal mandates under the Companies Act, 2013.

16th FC Report: UCT Schemes Exceed 50% of Education Budget in 3 States, Fiscal Space Shrinks

The 16th Finance Commission and Economic Survey have raised concerns over the rising fiscal burden of Unconditional Cash Transfer (UCT) schemes for women. In states like Jharkhand, UCT spending exceeds 10% of total state expenditure and over 50% of education spending, threatening other public services. With 44% of state expenditure locked in interest, pensions, and salaries, fiscal space is shrinking.