The retirement body Employees Provident Funds Organisation (EPFO) has launched a wing to inspect firms registered under the body to bring transparency in compliance and coverage.

A Central Analysis and Intelligence Unit will be setup to collect, analyse field level data for a transparent and accountable labour inspection system, an EPFO circular stated.

This is a bid to improve the inspection system and was a part of the 100-days agenda of the EPFO. According to the circular, this scheme will cover all the new firms covered under the EPFO social security schemes, establishment registered on EPFO's ECR portal and organisations listed for closure.

EPFO will also launch the facility to allot the provident fund code for employers online within a week.

This facility will be applicable to those firms which avail the facilities of the EPFO. Through this facility, organisations which already have a PF code number and want to apply for another code for a branch at different location can avail the service.

The facility will help the employees to avail the PF code on the same day. At present, employees complain that the PF code is issued within 10-15 days of applying to the body in the offline mode, an official said.