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Agraj Kumar Singh

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Short Summary on Atmanirbhar Bharat Rozgar Yojna

September 28, 2021 1944 Views 0 comment Print

Short Summary on Atmanirbhar Bharat Rozgar Yojna The new Scheme is being launched to incentivise the creation of new employment opportunities during the COVID recovery phase. The Aatmanirbhar Bharat Rozgar Yojana has been bifurcated into Incentives for employee-beneficiaries as well as incentives for establishments. Eligibility for Employee-Beneficiaries:- >  New Employees earning monthly wages less than […]

Short summary notes on Maharashtra Labour Welfare Fund (MLWF)

August 18, 2020 176967 Views 10 comments Print

Maharashtra Labour Welfare Fund (MLWF) is Covered under The Maharashtra Labour Welfare Act, 1953. Applicability : Maharashtra Labour Welfare Fund has become effective in the year 1953 and is applicable to all the companies in the state that has 5 or more persons employed. Includes all employees, including employees through contractor, except those working in […]

EPF Contribution rate reduction for May 2020 to July 2020

June 11, 2020 211179 Views 32 comments Print

An Overview of announcement by honorable finance minister Nirmala Sitharaman on Wednesday 13/05/2020 regarding EPF contribution by which EPF Contribution was reduced for Employers and Employees for 3 months to 10% from 12% for all establishments covered by EPFO for next 3 months i.e. May 20, June 20 & July 20. Union finance minister Nirmala […]

Checklist for Statutory Audit of Bank Branch Audit (An Overview)

June 11, 2020 78096 Views 3 comments Print

1. General – Area of Review Pre Audit a) Review of Latest available inspection reports of Internal/Concurrent/RBI/Statutory Auditors and compliance thereof. b) Review of Closing Circular issued by Head Office c) Study of Significant accounting policies of the Bank & computer system d) Study of Business mix of the Branch & determination of the sample […]

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