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DoT and TSPs Launch New System to Stop Fraudulent CallsThe Department of Telecommunications (DoT) which operates under the Ministry of Communications(MoC) has teamed up with major Telecom Service Providers (TSPs) to launch a two-tiered system to addressed the growing problem of telecom fraud, where scammers use tricks to manipulate Caller Line Identification (CLI) and commit financial scams.

MoL&E Increases PF withdrawal Limit to Rs 1 Lakh from Rs 50,000On 17th September 2024, the Union Minister Dr. Mansukh Mandaviya, Ministry of Labour & Employment (MoL&E) announced that now subscribers of the Employees ‘Provident Fund Organisation (EPFO) can withdraw up to Rs 1 lakh from their Provident Fund (PF) accounts for personal financial needs, an increase from the current limit of Rs 50,000.

i.He also announced that employees who have not completed 6 months in the current job are now eligible to withdraw amounts, which was earlier prohibited.

ii.He informed that Government of India (GoI) is currently working on the proposal to increase the income ceiling under the EPFO and Employees’ State Insurance Corporation (ESIC) from the current Rs 15,000 per month and Rs 21,000 respectively.