NEW DELHI — The number of contributing members to the EPFO (Employees’ Provident Fund Organisation) has risen by 7.6 per cent to 7.37 crore in 2023-24 from 6.85 crore in 202-2023 while the number of establishments making contributions to the organisation has risen by 6.6 per cent to 7.66 lakh during this period, according to a statement issued by the Labour Ministry on Sunday. This reflects both the increase in employment and business establishments in the organised sector of the Indian economy, which offers a better standard of living to workers, The EPFO also saw an increase of 55.4 per cent to Rs 5,268 crore in realising arrear dues compared to the corresponding figure of Rs 3,390 crore in the previous year. Also read: Regional rural banks must empower MSMEs via flagship govt schemes: FM Sitharaman There was also an increase of 7.8 per cent in the number of claims settled over the previous year (4.45 crore from 412.86 crore). The Executive Committee recommended the report for adoption to the Central Board, the press statement added. The figures form part of the Annual Report for the year 2023-24 on the functioning of EPFO which was considered by the Executive Committee...