Labour Secretary Sumita Dawra Leads 109th EPFO Executive Committee Meeting
New Delhi Hosts Important Gathering
Labour Secretary and Chairperson of the Executive Committee, Central Board, Employees’ Provident Fund Organization (EPFO), Sumita Dawra, led the 109th meeting of the Executive Committee in New Delhi. This was the first meeting since the committee’s reconstitution in September 2024.
Key Discussions and Decisions
The Executive Committee, a statutory body under the EPF Act, 1952, assists the Central Board, EPF. During the meeting, several important issues were discussed, including the audited annual accounts for 2021-22 and 2022-23, which were reviewed to clear the backlog. The committee emphasized timely preparation of the 2023-24 accounts.
Another major topic was the draft New Compassionate Appointment Policy, 2024, aimed at supporting dependents of EPFO employees who passed away before retirement, many during the COVID-19 pandemic.
Future Plans and Initiatives
The committee plans to use the 72nd Foundation Day of EPFO on November 15, 2024, to advance reform efforts. Monthly meetings will be held to monitor and review ongoing projects, including modernization and other key initiatives.
Doubts Revealed
Labour Secretary -: The Labour Secretary is a high-ranking official in the government who is responsible for overseeing labor-related issues, such as employment and workers’ rights.
Sumita Dawra -: Sumita Dawra is a government official who is currently serving as the Labour Secretary, leading important meetings and decisions related to labor policies.
EPFO -: EPFO stands for Employees’ Provident Fund Organisation, which is a government body in India that manages the retirement savings of employees.
Executive Committee -: The Executive Committee is a group of people who make important decisions and plans for an organization, like the EPFO, to ensure it runs smoothly.
New Delhi -: New Delhi is the capital city of India, where many important government meetings and events take place.
Reconstitution -: Reconstitution means forming something again or reorganizing it, like the committee being formed with new or different members.
Audited accounts -: Audited accounts are financial records that have been checked and verified by experts to ensure they are accurate and correct.
Compassionate Appointment Policy -: This is a policy that helps provide jobs to family members of employees who have passed away, to support them financially.
Foundation Day -: Foundation Day is the anniversary of the day an organization was established, celebrated to remember its beginnings and achievements.