National 01 November 2026
Union Minister Dr. Mansukh Mandaviya Inaugurates 74th Foundation Day of EPFO in New Delhi
Why in the News?
Union Minister for Labour & Employment and Youth Affairs & Sports, **Dr. Mansukh Mandaviya**, inaugurated the **74th Foundation Day** of the Employees’ Provident Fund Organisation (**EPFO**) on November 1, 2026, in New Delhi.
Key Features / Major Points:
- Launch of Key Digitization Initiatives:
- **Automatic Settlement of Inoperative Accounts:** Introduced auto-settlement for eligible inoperative EPF accounts with balances up to ₹1,000.
- **EPFO Services via WhatsApp:** Launched direct EPFO customer services through WhatsApp for enhanced subscriber convenience.
- Recognition & Publications:
- Conferred the **Bhavishya Nidhi Awards 2026** upon top-performing Regional Offices, Zonal Offices, and individual employees for outstanding contributions.
- Released a series of publications emphasizing knowledge creation, legal awareness, and compassionate governance within social security.
Static GK Facts:
- Employees' Provident Fund Organisation (EPFO):
- Formed: **March 4, 1952** (Statutory body created under the Employees' Provident Funds & Miscellaneous Provisions Act, 1952).
- Headquarters: **New Delhi**.
- Nodal Ministry: **Ministry of Labour and Employment**.
- Chairman of Central Board of Trustees (CBT): **Union Minister of Labour and Employment**.
- Three Core Schemes Administered by EPFO:
1. Employees' Provident Fund Scheme, 1952
2. Employees' Deposit Linked Insurance Scheme, 1976 (EDLI)
3. Employees' Pension Scheme, 1995 (EPS)
One-Liner Quiz (All Competitive Exams):
Q: Which anniversary of its Foundation Day did the Employees’ Provident Fund Organisation (EPFO) observe on November 1, 2026?
A: 74th Foundation Day
Q: What is the financial threshold for automatic settlement of eligible inoperative EPF accounts launched on EPFO's 74th Foundation Day?
A: Up to ₹1,000
Q: In which year was the Employees' Provident Fund Organisation (EPFO) established?
A: 1952
Q: Who is the current Union Minister for Labour and Employment in India?
A: Dr. Mansukh Mandaviya
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