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EconomyEasy

Which ministry moved the proposal to raise the EPFO wage ceiling?

  1. A.Ministry of Finance
  2. B.Ministry of Labour and Employment
  3. C.Ministry of Social Justice and Empowerment
  4. D.Ministry of Corporate Affairs

Correct answer

B. Ministry of Labour and Employment

Explanation

The correct answer is the Ministry of Labour and Employment. The Employees' Provident Fund Organisation works under this ministry, so the proposal to widen compulsory coverage came from it and was then placed before the Union Cabinet. Dr Mansukh Mandaviya, who heads the ministry, announced the details afterwards. Option A is wrong because the Finance Ministry handles taxation, budgets and financial sector regulation, not the provident fund statute. Option C is wrong because the Ministry of Social Justice and Empowerment runs welfare schemes for specific social groups and has no role in provident fund coverage. Option D is wrong because the Ministry of Corporate Affairs administers company law, not worker social security. The step widens access to provident fund savings, pension cover under the Employees' Pension Scheme and insurance cover under the Employees' Deposit Linked Insurance Scheme.

Read the full article: Cabinet Raises EPFO Wage Ceiling to Rs 25,000 Per Month

Q2.EconomyMedium

From which date does the revised EPFO wage ceiling take effect?

  1. A.1 October 2026
  2. B.17 September 2026
  3. C.1 April 2027
  4. D.16 September 2026
Show answer
Correct answer: B. 17 September 2026

Dr Mansukh Mandaviya, the Union Minister of Labour and Employment and also of Youth Affairs and Sports, told a press briefing that the higher ceiling would come into force on that day, which is observed as Vishwakarma Jayanti and as Sewa Divas.

Q3.EconomyMedium

What was the theme of the 14th India Chem 2026 held in Mumbai?

  1. A.Advantage Bharat: An Emerging Global Chemicals Hub
  2. B.Chemicals for a Viksit Bharat
  3. C.Green Chemistry, Green Growth
  4. D.Make in India, Mix in India
Show answer
Correct answer: A. Advantage Bharat: An Emerging Global Chemicals Hub

The 14th edition of India Chem was organised in Mumbai from 22 to 24 October 2026 as a three-day event aimed at drawing investment and promoting sustainable growth in chemicals and petrochemicals.