“The Govt’s move
to divert unclaimed EPF balances to a welfare fund is unfair.”
An Editorial of
BusinessLine, saying this as an avoidable controversy, and quoting
Trade Unions, asserts that the Govt’s decision to transfer
unclaimed EPF balances to a SENIOR CITIZENS’ WELFARE FUND is not
right.
The unclaimed funds,
in fact, are said to be mainly the retirement savings of low-income
workers. This is the reason for the objection. And no one is against
the SENIOR CITIZENS’ WELFARE FUND ! No one thinks why they are unclaimed !
ISROfef believes the
Govt is right in putting these unclaimed funds to a NOBLE CAUSE of
Senior Citizens. Trade Unions here are playing just Politics!!
If you
feel different, you may please comment.
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