EPF Limit Increased, Bribe Taker Arrested

Govt okays salary cap hike for EPF; threshold for savings raised from Rs 6,500 a  month to Rs 15,000-ET

NEW DELHI: Employees earning upto Rs 15,000 a month will soon come under the
Employees' Provident Fund (EPF) net, with the Narendra Modi government approving
a hike in the threshold for mandatory PF savings from Rs 6,500 a month to Rs
15,000.

Though the Manmohan Singh government had approved the hike in
the EPF threshold this February after years of deliberations, the change
couldn't be notified before the election code of conduct kicked in.

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CBI searches Patto PF office-Times of India-12th June 2014

PANAJI: The Central Bureau of Investigation (CBI) on Wednesday conducted a search at the employees provident fund (PF) office in Patto, Panaji, in connection with the arrest of PF officer Himesh Rajan Prakash for allegedly accepting A bribe.

Prakash was produced before the special court and has been remanded to four days of police custody.

CBI had arrested Prakash while accepting 5,000 as a bribe for processing a file to open a new PF account for a company.

CBI had received a complaint from a new firm stating that the accused was demanding a bribe to issue a no-objection certificate for obtaining an employee's code. The accused was arrested under Section 7 of the Prevention of Corruption Act.