Provident Fund Protests

The ruling Trinamool Congress in West Bengal on Saturday said it will soon begin a sit-in demonstration in New Delhi if the Centre fails to provide funds for MGNREGA to the state at the earliest.

Opposition Congress and NCP today staged a walk-out from the Maharashtra Assembly to protest 'delay' in sanctioning of funds for providing nutritious food to pregnant women and children at Anganwadis.

The government had to roll back the decision and provided 8.8 per cent rate of interest on EPF deposit for last fiscal following protests by trade unions.

Ahead of a one-day protest called by labour unions against lowering of interest rate on Employee Provident Fund or EPF, the Finance Ministry on Wednesday defended its decision, saying last year's surplus would have to be used to pay even the lower 8.7 per cent rate for 2015-16.

Unmoved by threats of protest by trade unions, a top Finance Ministry official on Tuesday said there is "no question" of going back on decision to fix interest rate at 8.7 per cent for EPF subscribers, down from 8.8 per cent decided by retirement fund body EPFO (Employees' Provident Fund Organisation).

Bengaluru: Confronted by protests - including a riot in Bengaluru that saw buses and police jeeps set on fire - the government has cancelled controversial new rules on when you can withdraw money from your provident fund, which serves as a savings plan for when salaried workers retire.

On Monday, without warning, thousands of garment workers assembled near the city's garment hubs, blocked highway traffic for hours to protest against the union government's changes to the Employee's Provident Fund (EPF) withdrawal rules announced in this year's budget.

Confronted by protests - including a riot in Bengaluru that saw buses and police jeeps set on fire - the government has put on hold for three months controversial new rules on when you can withdraw money from your provident fund, which serves as a savings plan for when salaried workers retire.

Confronted by protests - including a riot in Bengaluru that saw public buses set on fire - the government has put on hold for three months controversial new rules on provident funds, which serve as retirement savings for employees everywhere.

Thousands of garment workers in Bengaluru clashed with the police and set buses and cars on fire today, angry with the government over a new controversial rule for provident funds, which has now been withdrawn.

The ruling Trinamool Congress in West Bengal on Saturday said it will soon begin a sit-in demonstration in New Delhi if the Centre fails to provide funds for MGNREGA to the state at the earliest.

Opposition Congress and NCP today staged a walk-out from the Maharashtra Assembly to protest 'delay' in sanctioning of funds for providing nutritious food to pregnant women and children at Anganwadis.

The government had to roll back the decision and provided 8.8 per cent rate of interest on EPF deposit for last fiscal following protests by trade unions.

Ahead of a one-day protest called by labour unions against lowering of interest rate on Employee Provident Fund or EPF, the Finance Ministry on Wednesday defended its decision, saying last year's surplus would have to be used to pay even the lower 8.7 per cent rate for 2015-16.

Unmoved by threats of protest by trade unions, a top Finance Ministry official on Tuesday said there is "no question" of going back on decision to fix interest rate at 8.7 per cent for EPF subscribers, down from 8.8 per cent decided by retirement fund body EPFO (Employees' Provident Fund Organisation).

Bengaluru: Confronted by protests - including a riot in Bengaluru that saw buses and police jeeps set on fire - the government has cancelled controversial new rules on when you can withdraw money from your provident fund, which serves as a savings plan for when salaried workers retire.

On Monday, without warning, thousands of garment workers assembled near the city's garment hubs, blocked highway traffic for hours to protest against the union government's changes to the Employee's Provident Fund (EPF) withdrawal rules announced in this year's budget.

Confronted by protests - including a riot in Bengaluru that saw buses and police jeeps set on fire - the government has put on hold for three months controversial new rules on when you can withdraw money from your provident fund, which serves as a savings plan for when salaried workers retire.

Confronted by protests - including a riot in Bengaluru that saw public buses set on fire - the government has put on hold for three months controversial new rules on provident funds, which serve as retirement savings for employees everywhere.

Thousands of garment workers in Bengaluru clashed with the police and set buses and cars on fire today, angry with the government over a new controversial rule for provident funds, which has now been withdrawn.