Daily Current Affairs / EPFO Launches ‘Vishwas Scheme’ to Reduce Litigation
Category : Business and economics Published on: October 17 2025
Recently, the Employees’ Provident Fund Organisation (EPFO) launched the ‘Vishwas Scheme’ under the guidance of Dr. Mansukh Mandaviya. The scheme aims to reduce litigation by rationalising penal damages on delayed PF contributions. Penal rates are capped at 1% per month, with graded rates of 0.25% for up to 2 months and 0.50% for up to 4 months of delay. It covers ongoing, finalized, and pre-adjudication cases and will remain in operation for six months, extendable by another six. The initiative benefits both employers and members by simplifying compliance, reducing legal costs, and ensuring faster recovery of dues.
Taiwan successfully conducted the first underwater sea trial of its indigenous submarine Narwhal to strengthen maritime deterrence.
Read More....Uttar Pradesh will make Aadhaar-based biometric authentication mandatory for property registration from 1 February 2026.
Read More....Rashtriya Ayurveda Vidyapeeth organised a three-day training on medicinal plant identification in Wayanad, Kerala.
Read More....Martyrs Day is observed on 30 January to commemorate Mahatma Gandhi and India’s freedom fighters.
Read More....India has nominated Meghalaya’s living root bridges for UNESCO World Heritage evaluation 2026–27.
Read More....Assam launched the Mukhya Mantrir Eti Koli Duti Paat scheme providing ₹5,000 to over six lakh tea workers.
Read More....Microsoft unveiled its second-generation AI chip Maia 200 to reduce dependence on Nvidia.
Read More....Karnataka hosts 39% of India’s GenAI startups, leading the country in AI innovation, says Economic Survey 2025–26.
Read More....India ranked second globally in consumer optimism in January 2026, according to LSEG–Ipsos PCSI.
Read More....Google DeepMind launched AlphaGenome, an AI tool to analyse DNA mutations and gene regulation.
Read More....
