Business News

Employers from today can file unified EPF, ESI returns

Employers from today can file unified EPF, ESI returns
A worker counts Philippine peso bills inside a money changer in Manila October 3, 2013. The Philippines earned its third investment-grade upgrade in about five months on Thursday after Moody's raised the country's sovereign debt rating by a notch to Baa3, a widely expected move that will further boost the country's allure among foreign investors. Moody's said the decision to lift the country's credit rating and revise the outlook to positive from stable was based on the sustainability of the country's robust economic performance, fiscal and debt consolidation, as well as political stability and improved governance. REUTERS/Romeo Ranoco (PHILIPPINES - Tags: BUSINESS SOCIETY POLITICS)

New Delhi: Taking another step towards ease of doing business, the Centre will on Thursday launch a common registration facility on e-biz portal enabling employers to avoid filing separate Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI) returns.

The Labour Ministry has decided to integrate the registration process under five Labour Acts with the e-biz portal of the Department of Industrial Policy & Promotion (DIPP).

The five acts covered in this process include Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, Employees’ State Insurance Act, 1948, Contract Labour (Regulation & Abolition) Act, 1970 and Building and Other Construction workers (Regulation of Employment & Conditions of Service) Act, 1996.

A unified ‘ShramSuvidha Portal’, launched on October 16, 2014, is already catering to four major organisations under the Ministry of Labour. The ShramSuvidha Web-Portal activated the facility for allotment of LIN and the Transparent Inspection Scheme.

Further, the facility for online submission of Common Electronic Challan-cum-Return (ECR) for Employees’ Provident Fund Organization (EPFO) and Employees’ State Insurance Corporation (ESIC) has been developed on the ShramSuvidha Portal. (ANI)