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Good news: now PF can be cut on the standard of not so much 15 thousand

Bharatiya Mazdoor Sangh had demanded from the government that PF should not be deducted in the employees whose monthly salary is Rs 15,000.




Big news can come soon about PF deductions. Government can increase the limit of PF deductions. In this case, churning has been going on for the past several days. Recently, the talks of the Labor Ministry, representatives of the industry and Labor Unions were decided on this matter. However, it has not been revealed what the government has decided.

But if everything goes well and demands are accepted then now the standard of deduction of PF will increase. This is the main demand from the labor unions.

So will the new standard be Rs 21000 (will the new standard be Rs 21000)

In fact, the Bharatiya Mazdoor Sangh had demanded from the government that the PF should not be deducted in the employees whose monthly salary is Rs 15,000, but in whose salary is Rs 21,000, the Employees Provident Fund (Employees Provident Fund) – EPF). That is, the standard of Rs 15,000 should be increased to Rs 21,000. The government’s decision can soon come on this demand.

Government can implement some demands (Government can implement some demands)

Recently, it was revealed that the Sangh had also demanded in matters of holidays. The Sangh demands that different laws should be made for all types of workers. It was argued that journalists, cinema workers, beedi workers, workers associated with building and other construction etc. all have different work. Apart from this, it was demanded that the leave given during the entire job should be reduced to 300, which is now 240. There are indications that the government may implement many of these demands.

Gift has been received on new year

Just before the start of New Year 2021, the government has given a big gift to the employees. In fact, the government had approved a proposal to provide full interest of 8.5 percent on the Employees Provident Fund (EPF) for the financial year 2019-20. According to the information, this amount was deposited in the account of employees till 31 December 2020, New Year. In this way people got a gift in the new year. Also Read: Job Alert:” Thousands vacancies coming in Armed Forces, apply here

Officials had said that a meeting of the Ministry of Labor and Finance was held to discuss the proposal related to the interest rate. In which the Finance Ministry had asked for the details, expressing some concern over the risky investment. However, about 1 week after the meeting, orders were received from the Finance Ministry to pay the collected interest to the EPFO. In this way, the Modi government gave a big gift to the employees working in the private sector.

 

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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