Benefits under EDLI Scheme to continue for PF subscribers
The Hindu
Extended EDLI benefits for EPFO subscribers and families, new social security scheme for gig workers under development.
The Centre has decided to extend providing benefits of Employees’ Deposit Linked Insurance (EDLI) Scheme to all subscribers of Employees’ Provident Fund Organisation and their family members till further notice. The benefits have ended in April 2024. Labour Minister Mansukh Mandaviya, meanwhile, met stakeholders in gig and platform sectors on implementing a social security scheme for workers employed there. Mr. Mandaviya said a committee had been formed to develop framework for providing social security and welfare benefits to gig and platform workers.
The EDLI scheme, launched in 1976, was to provide insurance benefits to members of the EPFO and to ensure that the families of members get financial assistance in case of death of the member. The minimum and maximum benefits under the EDLI scheme were enhanced from ₹1.5 lakh and ₹6 lakh to ₹2.5 lakh and ₹7 lakh respectively in 2021 and the benefits were valid for a period of three years, which came to an end on April 27, 2024.
A government source said Mr. Mandaviya approved the decision to make the benefits applicable to the members of the EDLI Scheme retrospectively from April 28, 2024 onwards till any further notification. The source said the benefits would be continued for indefinite period and there would be no requirement for issuing any further notification in this regard.
Meanwhile, Mr. Mandaviya chaired a meeting with representatives from platform workers’ associations on addressing the challenges faced by the workers and providing health and social security for them. “Mr. Mandaviya emphasised the importance of incorporating inputs directly from the platform workers’ associations to develop robust and comprehensive mechanism for their social security,” a government release said. He told the meeting that a committee has been formed by the Ministry to develop a ‘framework for providing social security and welfare benefits to gig and platform workers,’ aiming to gather perspectives from all relevant stakeholders.
The rupee falls 9 paise to a record low of 90.41 against the dollar amid trade deal uncertainties and foreign fund outflows.
Mercedes-Benz India will increase vehicle prices by up to 2% in January to counter rising costs and currency pressures.
CCI is investigating if IndiGo violated competition norms amid significant flight disruptions and concerns over its dominant market position.
The Coal Controller Organisation is appointed to regulate and register proposed coal exchanges, enhancing market competition and oversight.
The rupee hits a record low amid U.S. trade stalemate and portfolio outflows, prompting potential RBI intervention.
November 2025 sees robust growth in India's auto industry, with record sales in passenger vehicles, two-wheelers, and three-wheelers.
Stock markets soar as Sensex and Nifty extend gains in early trade, driven by positive global trends and U.S. rate cuts.
Petroleum and Natural Gas Rules 2025 amended to enhance business ease, extend lease durations, and strengthen domestic exploration infrastructure.
Tata Hitachi strengthens its focus on India's construction market amid global tariffs and rupee depreciation, leveraging local growth opportunities.
Domestic household savings replace foreign institutional money, giving Indian markets stability but raising concerns about unequal participation and limited returns for new retail investors. Access asymmetry and unequal outcomes emerge as key challenges, making investor protection, lower fees, passive investing, and stronger governance crucial.
The Ministry of Petroleum and Natural Gas (MoPNG) should work closely with the Ministry of External Affairs (MEA), and other concerned government agencies, to strengthen diplomatic engagement with oil-producing countries, secure favourable investment terms and address tax and regulatory hurdles faced by public-sector enterprises (PSEs) abroad, the parliamentary committee on public undertakings (2025-26) stated in their latest report tabled Wednesday.
Why is the rupee falling? Is it falling worse than other currencies? Does the fall hurt or help the Indian economy? And finally, is this a cause for alarm? Here we discuss these questions.
There’s great momentum in India in terms of AI and agentic AI applications getting deployed, observed Satya Nadella, Chairman and Chief Executive Officer, Microsoft.