The Employees’ Provident Fund Organisation (EPFO) is likely to integrate its database with multiple central ministries and state governments in a bid to strengthen compliance monitoring and streamline the implementation of employment-linked schemes.
The retirement fund manager is currently examining a one-time data dump for 2023-2024 (FY24) and FY25 that it received from the Government e-Marketplace (GeM), according to a government official, who spoke under condition of anonymity.
Last November, the EPFO signed a memorandum of understanding (MoU) with GeM, which operates under the Ministry of Commerce & Industry, to ensure monthly verification of provident fund contributions by service providers.
Source: Business Standard
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