Key Points
India's Employees' Provident Fund Organisation (EPFO) has created a five-year perspective plan to upgrade its infrastructure to cater to an expected rise in its subscriber base..
The Employees Provident Fund Organisation has drawn up a five-year perspective plan to upgrade its physical infrastructure, based on standardised norms, to cater to the growing subscriber base of the retirement fund body which is expected to jump to 10 crore as against six crore now...
This is estimated to cost EPFO Rs 2250 crore, over and above Rs 750 crore being currently spent on land acquisition and construction of some buildings including regional building offices in Gujarat and some other states...
The plan is to have independent buildings for all zonal offices with training facilities, regional and district offices as well as for special offices in the north-east region while ensuring full utilisation of existing infrastructure, a senior government official, aware of the deliberations, told ET...
CBT members suggested that the centre should approach state governments for speedier acquisition of land and give financial and administrative approvals on priority while also ensuring that the five year perspective plan is reviewed periodically.. Further, it was also suggested to make better use of technology to minimise space requirements in future while also reviewing the space norms, particularly for district offices, so that good offices can be constructed for comfort and convenience of employees as well as subscribers...
