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A budgetary estimate of Rs. 96 crore has been approved by the Central Board of Trustees, Employees’ Provident Fund (CBT, EPF) for the implementation of the first phase of the ‘Modernization Project’ of the Employees’ Provident Fund Organisation (EPFO) being implemented in collaboration with National Informatics Centre (NIC).
The first phase of the ‘Modernization project’ has already been implemented in 28 offices of EPFO. It is planned to implement it in the remaining 92 offices of EPFO in the current financial year i.e. 2010-11.
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GOOD DECESSION, ALL THE BEST
Is the Gratuity Act amended & in force pertaining to enhancement of gratuity amount from 3.5 lacs to 10 lacs tax free.
Any exercise in modernising EPF Scheme is necessarily fated to be futile and undoubtedly aimed at enriching the coffers of some favourite consultant, some pet software and computer system suppliers and, above all, at ensuring many foreign trips by civil servants. Until and unless there is total transparency in the working of this Scheme, with totally doing away with the need for personal visits by the beneficiaries, and compulsory transactions only through secure website, no amount of so called and high sounding “modernisation” will be able to destroy the official mafia-cum-agent menace now prevailing in all levels of this exploitative machinery.