Ramesh Krishnamurthi appointed as new CPFC Chief

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Ramesh Krishnamurthi (IRS IT:1992), Additional Secretary, Ministry of Labour & Employment as Central Provident Fund Commissioner (CPFC), Employees' Provident Fund Organization (EPFO) in the rank and pay of Additional Secretary.

Mr. Krishnamurthi will replace Neelam Shammi Rao (IAS: 1992: MP) who was appointed CPFC in December 2021. She has now taken over as Secretary, the National Commission for Minorities in the rank and pay of Secretary leaving the post of CPFC vacant. 

Read Also : NFL to produce HiTech Nano Urea at its Nangal Plant

The CPFC is the head of the EPFO and the ex-officio Member Secretary of the Central Board, EPF who ensures the proper investment of the organization's funds.

 The CPFC is responsible for ensuring the proper investment of the organization's funds; Assessing and declaring the interest rate for each financial year; Compiling and presenting the organization's budget estimates; Ensuring the compilation of the organization's Annual Report; Assisting in the transition from manual accounting to computerization; Arranging for internal audits of the organization's accounts; and Guiding investigations into cases of overpayment or other financial irregularities.

Read Also : RVNL Fined by NSE and BSE for Board Composition