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via livemint.comEconomy

EPFO wage ceiling raised to ₹25,000: Enhanced social security coverage

FROM THE WIRE · LIVEMINT.COM

The Cabinet increased the EPF wage ceiling to ₹25,000, expanding coverage for 51 lakh employees. This change, the first in 12 years, raises employer contributions and enhances pension benefits for long-term subscribers, impacting total accumulated corpus.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe Indian government raises the EPFO wage ceiling for the first time in 12 years, expanding pension coverage for millions of employees.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Cabinet increased the EPFO wage ceiling to ₹25,000, the first increase in 12 years.
  2. 02The increase expands coverage for 51 lakh (5.1 million) employees.
  3. 03Benefits include higher employer contributions and enhanced pension benefits for long-term subscribers.

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