Govt backtracks on PF

Govt-backtracks-on-PFDrawing ire from a cross section of middle class and labours, the Union government on Tuesday kept in abeyance — for three more months — the proposed move to bar withdrawal of employer’s contribution to the provident fund corpus until the employee attains the age of 58 years.

“The notification (tightening PF withdrawal norms) will be kept in abeyance for three months till July 31, 2016. We will discuss this issue with stakeholders,” Labour Minister Bandaru Dattatreya told reporters.

His announcement comes in the midst of protest by labour unions in several parts of the country, especially in Bengaluru where hundreds of workers went on rampage damaging vehicles and public property.

Connect with us



© 2012 - 2016 VIL Media Pvt Ltd. All rights reserved,
Contents of v6news.tv are copyright protected.Copy and/or reproduction and/or re-use of contents or any part thereof,
without consent of VIL Media is illegal.Such persons will be prosecuted.