PF withdrawals restriction :Labour Finmin views differs.

Posted: 15 Jan 2011 12:03 PM PST

THE labour ministry has opposed the finance ministry's suggestion that there should be checks on early withdrawals from the employees provident fund accounts, as it sought to defend the right of subscribers to use their own money. "We fail to understand what is the overnight provocation behind checking EPF withdrawals," said central provident fund commissioner Samirendra Chatterjee."This has...

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