After protests, govt puts on hold new PF withdrawal norms till July 31

April 19, 2016 18:22

Facing protests, the 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 the stakeholders," labour minister Bandaru Dattatreya told reporters. His announcement comes in the midst of protest by labour unions in several parts of the country against the bar on withdrawing employer's contribution from the PF money.

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