No hard ceilings: On the revision to EPFO wage ceiling
The Union Cabinet approved raising the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from ₹15,000 to ₹25,000. This decision addresses a long-standing demand, potentially including around 51 lakh additional employees in the provident fund scheme. The implementation of this change is expected to enhance financial security for more workers in the organized sector.