CBSE Marking System: Central Board of Secondary Education (CBSE) will not give any division (category), distinction (special ability) in the 10th and 12th board exams. If a candidate has given more than five subjects, then the decision to determine the best five subjects depends on the admission granting institution or employer. Also, percentage is not calculated by the board.

CBSE Marking System: No division or distinction will be given, the institution will decide the best five.

A senior CBSE official said on Friday that now no division (category) or distinction (special ability) will be given in the class 10th and 12th board examinations. CBSE controller of examinations Sanyam Bhardwaj said, “No overall category, special ability or total marks will be given. If a candidate has appeared in more than five subjects, the institution or employer giving him admission may decide to consider the best five subjects for him.

CBSE Marking System: Board does not calculate marks percentage

Central Board of Secondary Education (CBSE) says that no overall division/distinction/aggregate will be awarded. If a candidate has taken more than five subjects, the decision to determine the best five subjects lies with the admitting institution or employer: CBSE pic.twitter.com/QOcV4zBWbE

— ANI (@ANI) December 1, 2023

Sanyam Bhardwaj further said that the board does not calculate, announce or inform the percentage of marks. “If the marks percentage is necessary for higher education or employment, it can be calculated by the admission institution or employer,” he said. Earlier, CBSE had followed the practice of releasing the merit list with the aim of maintaining healthy competition. Has also finished. It is noteworthy that CBSE had released the marking scheme of 83 subjects for class 10th and 121 subjects for class 12th.

In class 10th, 20 marks have been fixed for internal assessment in five main subjects like English, Hindi, Maths, Science and Social Science. Whereas, if we talk about class 12th, 30 marks have been fixed for the practical exams of subjects like Geography, Psychology, Physics, Chemistry, Biology, Biotechnology and Physical Education.

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Union Labor and Employment Minister Bhupendra Yadav launched the e-passbook facility for the subscribers of Employees’ Provident Fund Organization (EPFO). EPFO said in the statement that with this the members will be able to see the details of their accounts in detail.

14.86 lakh subscribers added in January

According to official data, EPFO ​​added 14.86 lakh subscribers in January this year. Yadav, who is also holding the responsibility of the chairman of the Central Board of Trustees (CBT), inaugurated baby crèche centers in 63 regional offices of EPFO. These Cradle Centers have been opened in those regional offices where there are more than 100 employees. Apart from this, the minister laid the foundation stone for the regional office at Prayagraj in Uttar Pradesh.

The Board of Trustees approved a five-year plan to enhance the physical infrastructure of EPFO. This includes land purchase, building construction and special repairs at a cost of Rs 2,200 crore. According to the statement, the Board was apprised of the steps taken to comply with the Supreme Court judgment regarding pension on higher pay.

The post EPFO Start News Service: New facility started for PF account holders after interest rate hike first appeared on Rightsofemployees.com.

The interest rate that was fixed for the last financial year i.e. 2021-22 was the lowest in 43 years. Last year, the interest rate on PF was reduced from 8.5 per cent to 8.1 per cent. There was no change in the rate of interest of PF in the financial year 2020-21. Just a year before this, the interest rate was reduced from 8.65 per cent to 8.5 per cent in 2019-20.

In March 2022, the CBDT i.e. Central Board of Trustees had recommended an interest rate of 8.1 per cent for over 6 crore active subscribers of EPFO ​​for the financial year 2021-22, leaving an estimated surplus of Rs 450 crore. According to sources, EPFO ​​can retain the current interest rate of 8.1 per cent. This can be done keeping in mind the potential for higher returns in equity investments.

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For the employees who retired before September 2014, the last date of this scheme was earlier March 3, 2023. The Labor Ministry said in a statement on Monday that now, on the demand of the workers/employers union, chairman, the Central Board of Trustees has decided to extend the last date for receiving applications from such workers to May 3, 2023. Let us also tell you how you can apply online to get higher pension.

This is how you can apply by visiting the EPFO ​​portal

1. Go to the Member e-Services Portal.
2. Click on the higher pension present on the pension, use the joint option.
3. Select ‘Application Form for Joint Option’.
4. Add details including UAN, name, DOB, Aadhaar number, mobile number linked to Aadhaar and captcha.
5. Enter the OTP received on your Aadhaar-registered mobile number.
6. submit application.
7. An acknowledgment number will be generated on submission of the application form.

How to check your service history and joining date on EPFO ​​portal?

1. Visit the Member e-Service Portal, which can be accessed at https://unifiedportal-mem.epfindia.gov.in/memberinterface/
2. Enter Universal Account Number (UAN), Password and Captcha to login.
3. Now choose Service History from the View menu.
4. The ‘Service History’ option displays the list of organizations the person has worked for. Check the date you joined the DOJ or any organization.
5. If the portal displays DOJ before 1st September 2014, then the person is eligible to apply for High Pension. If the person changes jobs after this date, they will still be able to opt for higher pension as long as their pension account is active with EPFO.

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A new rule has come to withdraw money from EPFO, which is beneficial for you. It is also important for you to know this. The Central Board i.e. CBT has recommended to the government that changes should be made in the EPS withdrawal rules. This is great news for the employees who are going to retire in the next 6 months.

The CBT has recommended the government to make necessary changes in the EPA-95 plan. It is believed that when the retirement benefit is fixed, the retiring employees will get more benefits. On Monday, the Employee Provident Fund Organization has announced some new changes to withdraw money. According to the new rules, an employee can withdraw money even 6 months before retirement.

The Employees’ Provident Fund Organization (EPFO) has announced a significant change on Monday. Now how can customers withdraw their savings amount? Employees Pension Scheme 1995 (EPS-95) deposits can now be withdrawn by subscribers even with less than six months service as per the decision taken by EPFO.

At present, only EPFO ​​members who have less than six months of service left can withdraw the amount deposited in an employee’s provident fund account. The Central Board of Trustees in its 232nd meeting, chaired by Union Labor Minister Bhupendra Yadav, the highest decision-making body of EPFO, recommended changes to the existing EPS-95 scheme to the government. The board has advised the government regarding the extension of EPS withdrawal benefit to the members who are going to retire in six months.

The board has also suggested that the participants who have deposited the amount in the scheme for more than 34 years should be given proportionate pension benefits. As a result, when the retirement benefit is fixed, the retirees will get a higher pension.

According to the statement, the board has recommended that it is possible to determine the value of equitable transfer whenever exemption from EPS-95 is granted or cancelled. It has an exchange-traded fund (ETF) unit investment policy that has been approved. The board also gave its approval for transactions of ETF units purchased in 2018 to capture capital gains.

The documents authorized to submit this audit report to Parliament include audited annual accounts for the financial year 2020-21 as per the Employees’ Deposit Link Insurance (EDLI) Scheme 1976, EPS Scheme 1995 and EPF Scheme 1952.

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The proposed increase of the salary limit to Rs 21,000 per month has been endorsed by a committee, the report said. The committee has said that the government may implement the increase from a later date after deliberation. In such a situation, if the increase is accepted by the Central Board of Trustees of EPFO, then lakhs of employees will get a big relief.

According to a report in The Economic Times, once the proposal is implemented, an estimated 7.5 million additional workers will benefit from the scheme. At present, the central government pays about Rs 6,750 crore annually under the Employees’ Pension Scheme.

The report also said that any company with more than 20 employees must be registered with the EPFO ​​and the EPF scheme has been made mandatory for all employees earning less than Rs 15,000. Along with this, it has also been told that workers more than the limit of Rs 21,000 will be brought under the purview of retirement scheme and the benefit of other social security scheme will also be given.

Explain that under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, EPFO ​​provides social security benefits to the employees in the form of pension and insurance funds. As per the data, in January 2022, EPFO ​​added 1.52 million employees on a net basis, which is an increase of over 21 per cent as compared to 1.26 million in December 2021.

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Who Files GSTR-8

Goods and Services Tax E-commerce operators registered through GST are required to file GSTR-8. An e-commerce operator is defined under the GST Act as any person who owns or manages a digital or electronic facility or platform for electronic commerce such as Amazon, etc. It is mandatory for all such e-commerce operators to be registered for GST registration as well as for collection of tax at source.

200 per day will be fined

E-commerce operators who do not file GSTR-8 by the stipulated time period, then they have to pay the penalty. As per the rules, a fine of Rs 100 per day is levied under CGST and Rs 100 under SGST. After the expiry of the last date, a total of Rs 200 has to be paid as fine every day. The maximum penalty amount is Rs 5,000. Not only this, along with the late fee, 18 percent interest has to be paid annually.

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