The Hindu·3 min read

No hard ceilings: On the revision to EPFO wage ceiling

No hard ceilings: On the revision to EPFO wage ceiling
Dive DeeperCreate a free account to unlock

The Union Cabinet’s approval to raise the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from ₹15,000 to ₹25,000 , though belated, is commendable. The BJP-led government has finally responded to this long-standing demand of workers in the organised sector. Around 51 lakh additional employees may be brought under the PF fold, which has around 7.98 crore contributing members. Those in the wage slab of ₹15,000-₹25,000 will now be covered under the Employees’ Pension Scheme (EPS), 2026. Although Union Labour Minister Mansukh Mandaviya cited a government survey as the basis for the increase, the 12-year delay in implementing it should have been avoided. The Minister, who said that the average salary in private establishments was ₹23,000, should also make the survey’s findings public for a better understanding of the country’s overall wage situation.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →

Get smarter about the news

Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.

Create free account

Already have an account? Sign in