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NEW DELHI :
Legislators have expressed concern on the recently published data that show large-scale disbursement of claims on the part of the Employees ‘ Provident Fund Organization (epfo).
This comes in the wake of the Central Provident fund Commissioner (CPFC), Sunil Barthwal, stating during a seminar earlier this month, as many of the 2.3 million claims were settled, and ₹8,000 crore was disbursed for retirement savings.
The deputies, in particular those of the parliamentary commission of labour, said that the data that is available indicates the anguish of withdrawal. Some of the members of the committee are now also demanding to be taken when the panel meets next.
The majority of the parties of the Opposition, said that the retreat, which is almost 10 times the amount of the withdrawals that used to occur within a similar time frame before the crash, it is a sign of distress and showed that people were withdrawing money as you do not have enough money in cash to meet its needs. The parties were of the opinion that there should be a detailed discussion on the subject in Parliament and in different forums, such as the standing committee, when it meets next.
“The withdrawal of the funds RATE on the part of the people seems to be due to distress as people want to have more funds on hand. There is a feeling of uncertainty among the people and they want to keep money in cash with them,” said Bharturhari Mahtab, Lok Sabha mp of the Biju Janata Dal and the president of the parliamentary commission of work.
“We have been demanding that the government should ensure that workers in the organised sector not to lose his job and the wages are paid on time. Not much has happened in that regard, and, naturally, people will cash in on the little savings that has to contain the situation”, said Elamaram Karim, a senior Rajya Sabha member of the Communist Party of India (Marxist), which is a member of the parliamentary commission of work.
“The permanent workers and those in the formal sector are covered under the Employees State Insurance Corporation. Given this trend, one has to spare a thought about what happens to those in the informal sector who do not have access to those funds,” said Karim.
“Some of these issues have been brought to our attention. We had come to see when the meeting might happen, but the permissions have not been given yet. Each time we gather next, we have the intention of raising this and other issues related to the anguish of withdrawal,” said Karim, who is also a senior leader of the Centre of Indian Trade Unions.
The meetings of the parliamentary committees have currently been put on hold as the Parliament was adjourned ahead of schedule in March due to the application of social distancing, as part of measures to check the spread of the coronavirus.
Rajya Sabha chairman M. Venkaiah Naidu and Lok Sabha speaker Om Birla held a meeting on Saturday to discuss holding meetings in the point of view of the resumption of domestic flights in the country, according to a senior Parliament official, who is aware of the development.
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