EPFO Launches 'VISHWAS 2026' Amnesty Scheme to Resolve Long-Pending Employer Penalty Disputes
Operational for a 6-month window effective from 29 June 2026, the scheme provides an end-to-end digital, time-bound framework to clear old damages and penal liabilities.
For past defaults prior to 14 June 2024, revised graded penalty rates are: 0.25% per month for delays up to 2 months, 0.50% per month for delays between 2–4 months, and 1.0% per month for delays exceeding 4 months.
Key Facts / Static GK
Central Board of Trustees (CBT) Chairman: Union Labour Minister
Q Practice Quiz — 17 August 2026
1. What is the full form of the campaign vision 'SHANTI' launched by India for its 2028–29 UNSC non-permanent seat bid?
Explanation: SHANTI stands for 'Securing Holistic Advancement through Norms, Trust and Integrity', which serves as the guiding framework for India's UNSC 2028–29 campaign.
2. With reference to the 'Seafarer-First' initiative, consider the following statements: 1. It was launched by the Ministry of External Affairs. 2. It provides real-time monitoring of Indian seafarers operating in the Persian Gulf and Strait of Hormuz. 3. The tracking applies only to ships sailing under the Indian national flag. Which of the statements given above is/are correct?
Explanation: Statement 1 is incorrect as it was launched by the Ministry of Ports, Shipping and Waterways. Statement 2 is correct. Statement 3 is incorrect because monitoring applies regardless of which country's flag the vessel flies.
3. Which of the following Tiger Reserves is INCORRECTLY matched with its state regarding zero-tiger reported reserves?
Explanation: Kamlang Tiger Reserve is located in Arunachal Pradesh, not Assam.
4. What percentage of financial assistance on eligible capital infrastructure cost is provided under the Shipbuilding Development Scheme (SbDS)?
Explanation: Under the Shipbuilding Development Scheme (SbDS), projects will receive financial assistance equal to 25% of eligible capital infrastructure cost.
5. Under the newly approved Mobile Phone Manufacturing Scheme (MPMS), what additional incentive is offered to Indian brands investing in product design and R&D?
Explanation: Indian brands investing in product design and Research and Development will be eligible for an additional 3% incentive on eligible sales under MPMS.
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.