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Monday, September 22, 2014

Portable PF A/c number to be launched on October 16

Retirement fund manager EPFO's ambitious project to provide portable universal PF account numbers (UAN) to its subscribers will be launched on October 16. 

Besides, the government will launch unified web portal 
LIN (Labour Identification Number) for simplifying business regulations and bringing in transparency and accountability in labour inspections by various agencies and bodies under the administrative control of Labour Ministry. 

Prime Minister Narendra Modi is likely to launch both LIN web portal and 
UAN on October 16 as per the Plan chalked out by the Labour Ministry. 

"Labour Secretary had called a meeting for the launch of UAN and LIN yesterday. The ministry has planned to launch both LIN portal and UAN on October 16," a senior official said. 

According to him, the Prime Minister will be invited to launch the LIN portal and UAN in the presence of 
Labour Minister Narendra Singh Tomar and other top brass of the Labour Ministry. 

UAN will give the facility of collation of accounts, viewing of updated accounts as well as downloading the same and collation of pensionable service. 

The universal number will be portable throughout the working career of members and can be used anywhere in India. Thus, workers in organised sector would not need to apply for transfer of PF account claim on changing jobs. 

At present, EPFO has already captured bank account details in respect of 1.80 crore employees, PAN details in respect of 86.9 lakh employees and Aadhar number in respect of 28.2 lakh employees. 

The EPFO is in the process of making UAN operational for its 4.17 crore contributing subscribers by October 15. 

The body had started the process of seeding the 4.17 crore UANs with subscribers bank account numbers, PAN, Aadhaar and other Know-your-Customers (KYC) details to improve the delivery of its services in July this year. 

The unified LIN web portal will operate through a unique LIN (Shram Pehchan Sankhya) for each employer. 

The employers will be allotted LIN after registration on web portal. The enforcement agency will upload the data of inspection on the web portal which will be updated periodically. 

This web portal will provide for filing of single harmonised annual returns by the employers. 

This portal will provide for online reporting of harmonised inspection report by labour inspectors and inspecting officers of other bodies like EPFO administered by Labour Ministry. It will also provide for online grievance redressal system.
Source:-The Economic Times

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