- Face authentication will be helpful to aged pensioners who face difficulties in getting their bio-metrics captured for filing their life certificates.
- EPFO's apex decision-making body the Central Board of Trustees chaired by the Union Minister of Labour and Employment Bhupendra Yadav launched the face recognition technology for pensioners.
- In its 231st meeting, CBT gave approval for centralized disbursal of pensions for improving the EPFO service for pensioners.
- Bhupendra Yadav also launched a pension and employees deposit linked insurance scheme calculator, which provides an online facility to pensioners and family members to calculate the benefits of pension and Death Linked Insurance benefits.
- The minister also released the training policy of EPFO, with an aim to make its officers and staff responsive and future-ready. Under this annually 14,000 personnel will be trained for 8 days. The budget for this will be 3 percent of the salary budget.
- The minister also released the Legal Framework Document with an aim to transform EPFO into an efficient and responsible Litigant to ensure the conduct of litigation. He virtually laid the foundation stone of the Regional Office building in Udupi.
- CITI bank was appointed as the custodian of securities of EPFO for three years by CBT. It also extended the tenure of the present custodian Standard Chartered Bank till the new Custodian takes over.
- It approved the proposal for extension of tenure of ETF manufacturer of SBI MF and UTI MF.
- Static Knowledge:
- EPFO CEO - Neelam Shami Rao
- EPFO headquarters - New Delhi
- EPFO formed - on 4 March 1952
Question:
Q.1 Who launched the face authentication technology of EPFO for pensioners?
a. Bhupendra Yadav
b. Rameswar Teli
c. Amit Shah
d. Narendra Modi
a. Bhupendra Yadav
b. Rameswar Teli
c. Amit Shah
d. Narendra Modi
