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12 July 2026 · Daily Current Affairs

12 July 2026, sources dated 12 July 2026 research cutoff

2 verified stories · 4 notes pages · 5 original MCQs

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Contents

EPFO invites applications for Amnesty Scheme, 2026 from Provident Fund trusts

Steel Minister H.D. Kumaraswamy reviews IISCO Steel Plant expansion at Burnpur

Government Schemes

EPFO invites applications for Amnesty Scheme, 2026 from Provident Fund trusts

12 July 2026 | Press Information Bureau

PIB said the Employees' Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, introduced the Amnesty Scheme, 2026, a one-time opportunity for establishments operating exempted Provident Fund Trusts recognised under the Income Tax Act, 1961 to regularise their status. The scheme remains open for six months.

The Finance Act, 2026 aligned the Income Tax framework for recognised provident funds with the EPF and Miscellaneous Provisions Act, 1952. Recognition under the Income Tax Act, 2025 is available only to funds exempted under Section 17 of the EPF Act, and amnesty is granted retrospectively under Section 17 of that Act and Section 143 of the Code on Social Security, 2020.

Key facts
  • Scheme: EPFO Amnesty Scheme, 2026
  • For: establishments with exempted PF Trusts
  • Open for: six months
  • Law: Section 17, EPF and MP Act, 1952

Exam takeaway: The scheme lets exempted PF trusts regularise their status.

Quick revision: EPFO Amnesty Scheme 2026 open for six months (PIB, 12 July).

Press Information Bureau original source

National and International Affairs

Steel Minister H.D. Kumaraswamy reviews IISCO Steel Plant expansion at Burnpur

12 July 2026 | Press Information Bureau

PIB said Union Minister for Steel and Heavy Industries H.D. Kumaraswamy on Sunday, 12 July 2026, began a three-day visit to West Bengal with a review of the IISCO Steel Plant (ISP) at Burnpur, one of the country's oldest integrated steel plants under the Steel Authority of India Limited (SAIL).

The review covered ongoing expansion projects, production facilities, infrastructure, sustainability initiatives and workforce welfare. The minister was received by SAIL Chairman and Managing Director Ashok Kumar Panda.

Key facts
  • Review at: IISCO Steel Plant, Burnpur (SAIL)
  • Date: 12 July 2026, first day of a three-day West Bengal visit
  • Minister: H.D. Kumaraswamy (Steel and Heavy Industries)
  • SAIL CMD: Ashok Kumar Panda

Exam takeaway: IISCO is a SAIL integrated steel plant in West Bengal.

Quick revision: Kumaraswamy reviews IISCO Steel Plant at Burnpur (PIB, 12 July 2026).

Press Information Bureau original source