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India's EPFO reports a 7.6% rise in members to 73.7 million, marking growth in pension contributions.
The Employees' Provident Fund Organisation (EPFO) in India reported a 7.6% increase in contributing members to 73.7 million in 2023-24, up from 68.5 million the previous year.
The number of contributing establishments also rose by 6.6% to 0.76 million.
The EPFO saw a 55.4% increase in realized arrear dues to Rs 5,268 crore and a 7.8% increase in claims settled to 4.45 crore.
The Executive Committee, chaired by Labour Secretary Sumita Dawra, approved hiring two Chartered Accountant firms for annual financial statements and considered a new policy to aid dependents of deceased employees.
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El EPFO de la India informa de un aumento del 7,6% en los afiliados a 73,7 millones, lo que marca un crecimiento en las contribuciones a las pensiones.