EPFO wage ceiling of βΉ25,000 too little, too late, says AITUC
Union Cabinet hikes EPFO wage ceiling from βΉ15,000 to βΉ25,000; AITUC calls the move too little, too late and demands βΉ30,000 with an automatic revision mechanism.
51 lakh+ additional employees come under mandatory EPFO coverage; employee PF contribution rises βΉ1,200/month; government outgo up βΉ1,089 crore/year.