The Indian government is considering raising the wage ceiling for the Employees’ Provident Fund Organisation (EPFO) to ₹21,000 and lowering the employee count threshold for mandatory enrollment from 20 to 10-15. These measures aim to expand social security coverage for workers, aligning with the upcoming Social Security Code.
Rupee extends gains for fourth day, closes at 95.64
The rupee closed at 95.64 on Wednesday, modestly stronger from its previous close of 95.75 after going through a choppy session post the US midterm