Vishwas Scheme: EPFO’s Litigation Reduction Initiative
With reference to the ‘Vishwas Scheme’ launched recently, consider the following statements: It was launched by the Central Board of Trustees (CBT), Employees’ Provident Fund (EPF). Its objective is to reduce litigation by rationalising penal damages imposed for belated remittances of Provident Fund dues. The CBT, which oversees the scheme, is a tripartite body consisting … Read more