The
Govt puts on hold new Provident Fund withdrawal norms till July 31. New PF
withdrawal norms proposes to bar withdrawal of employer’s contribution to the
provident fund corpus until the employee attains the age of 58 years.
On
the issue of new Provident Fund withdrawal norms, the government today decided
to keep the implementation of new norms in abeyance for three more months till
July 31st.
The
announcement comes in the midst of protest by labour unions in several parts of
the country against the new norms.
People
have also launched online campaign against the decision, which was to be
implemented from February 10 but was later put on hold till April 30.
In
February, the ministry had issued a notification restricting 100 per cent
withdrawal of provident fund by members after unemployment of more than two
months.
Source:
DDI News
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