Labour, Jobs and Employment – Harmonization of labour laws, gender gap, unemployment, etc.

Centre rethinks plan to widen EPF coverage

  1. The centre is reconsidering a plan to widen the social security net for workers by bringing more factories under the provident fund coverage
  2. The Labour Ministry has proposed to bring down the threshold limit for coverage of firms under the Employees’ Provident Fund (EPF) to factories with at least 10 workers
  3. At present, the EPF Act is applicable to factories with minimum 20 workers
  4. Contradiction: On the one hand, there is a proposal to bring larger number of people under the EPF fold and on other hand, there is another proposal to give workers an option to opt out of EPFO and move to NPS- this needs a re-think
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