The move of the government to increase the flow of more EPF amount to the market or ETF( Exchange Traded Funds) failed due to strong opposition from the Central trade Unions. The meeting of the Labour Minister Bandaru Dattatreya with unions could not come to any conclusion. However, it seems that the government is not back-tracking. The Minister announced after the meeting that he will take a decision within a few days on the issue and the unions’ views will be taken as a feed back.
The entire stakeholders in the EPF should protest this anti-worker move so as to safeguard the hard earned money of the workers.