The Central government is compelled to retract from its earlier position that withdrawals from the Provident Fund will not be allowed till retirement. But the strong protest from the trade unions and the political parties has compelled the government to retract from the unjustified position.
The Central Government on 18th April 2016 announced that Provident Fund subscribers can withdraw from the PF for housing, major medical treatment for self and family members, medical and engineering education of children and for marriage.
This is not sufficient. The withdrawals should be restored to the earlier position. This is required especially for the low paid employees, since they depend upon the PF for the additional financial emergencies.
The government should not be adamant and should agree to the genuine demand of the workers.