Old System Of PF Withdrawal Will Continue: Labour Minister

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New Delhi: In a major relief to over 1 crore employees, the government on Tuesday cancelled the new Provident Fund withdrawal norm under which one could not withdraw their full contribution to the fund till they attend the age of 58 years.

We’re cancelling notification (restricting complete withdrawal of PF) of 10th Feb 2016,old system will continue, Union Labour Minister B Dattatreya said.

The minister also informed that the old system would continue and that the decision would be ratified in Central Board of Trustees’ meeting.

We see before that Protests by garment workers against the new norms for withdrawal of provident fund spread across the city on Tuesday. Police had to open fire in the air after protesters torched vehicles parked inside Hebbagodi police station on Hosur Road. Protesters also set on fire vehicles in Yeshwantpur in North Bengaluru.

At least 62 people, including 24 policemen, have been injured in the protests. Among the injured is an 18-year-old college student, who was hit by a bullet. Preethi has bullet fragment in her thighs and is out of danger. A resident of Garvebhavipalya, she was not part of the protest and is said to have come under cross fire.

However, a 49-year-old garment worker is in critical condition. Hospital authorities have not confirmed if his injuries were due to a stray bullet. Manjunath has broken ribs and a collapsed lung. He is currently on artificial ventilation and will undergo a surgery soon.

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