Introduction The Atmanirbhar Bharat Rojgar Yojana (ABRY) was announced by the Government of India on the 12th of November 2020. The scheme falls under the broader umbrella of Atmanirbhar Bharat 3.0 and aims to incentivize creation of new job opportunities. To this end, Ministry of Labour and Employment has approved a scheme with guidelines. While the scheme guidelines can be accessed on Simpliance, there remain some common questions relating to it. This article shall address…
Introduction The Employees’ Provident Fund Organization is one of the world’s largest social security providers which covers approximately 10,24,188 establishments with 1,934 lakh members as of the financial year 2016-17. It administers three major schemes, namely: – Employees’ Provident Funds Scheme Employees’ Pension Scheme Employees’ Deposit-Linked Insurance Scheme Prior to the onset of COVID-19, PF contribution rates were fixed at 12% for both employers and employees. This figure excludes administrative charges that are borne solely…