Covid-19: Govt to pay employer, employee's PF contribution for 3 months
New Delhi: The government will pay the employee provident fund (EPF) contribution both of the employer and the employee (12 per cent each) for the next three months, Finance Minister Nirmala Sitharaman said on Wednesday.
The move will benefit over 4.8 crore employees in the organised sector.
The government has also announced a Rs 1.70 lakh crore economic package for host of beneficiaries in the wake of Covid-19 spread that has crippled economic activity and wages across sectors.
Sitharaman said the PF contribution decision has been taken to ensure that employees' EPF continuity is not lost.
This will be applicable to all those establishments having employed up to 100 employees and about 90 per cent of which earn Rs 15,000 per month, she added.
The government will also amend the regulations for the scheme to allow employees draw up to 75 per cent of their non-refundable advance or up to three months of wages, whichever is lower.
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Elections have slipped out of Modi's hands: Rahul Gandhi
New Delhi (PTI): Congress leader Rahul Gandhi on Thursday claimed the difference between his party's guarantees and 'Modi Ki Guarantee' is clear and added that Prime Minister Narendra Modi knows that the elections have "slipped out of his hands".
In a post in Hindi on X, Gandhi said the Congress guarantees a "government of Indians".
Listing some promises made by the Congress, Gandhi said women will get Rs 8,500 per month, youth will get a job that pays Rs 1 lakh per year, recruitment will be carried out for 30 lakh vacancies and legal MSP will be provided to farmers.
"Modi's guarantee: Adanis' government - The country's wealth in the pockets of billionaires; donation business extortion gang; Constitution and democracy are over; farmers facing a paucity of finances; the difference is clear!" the former Congress chief said.
"Congress will create crores of millionaires in India and Modi ji knows that the election has slipped out of his hands," he said.
Addressing a rally in Amravati, Gandhi on Wednesday had claimed that ten years of the Modi government saw only 22-25 persons becoming billionaires on the back of a Rs 16 lakh crore loan waiver, but if the INDIA bloc comes to power, it will make crores of people "lakhpatis".
Gandhi had also said no force in the world can change the Constitution of India. Congress leaders have accused the BJP of wanting to change the Constitution.
