Current Affairs - Economy - Discussion

Rs.25,000 per month is the revised wage ceiling approved by the Union Cabinet for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO). The ceiling was increased from Rs.15,000, which had remained unchanged since September 2014. The revision is expected to bring approximately 51 lakh additional employees under mandatory EPFO coverage. These employees will gain access to benefits such as the Employees’ Provident Fund, Employees’ Pension Scheme, and Employees’ Deposit Linked Insurance Scheme. The government estimates an annual expenditure of Rs.11,339 crore, with the total financial outlay projected at Rs.56,696 crore over five years.