City
Epaper

PF trusts of Bengal jute mills to be dismantled, workers linked to EPF

By IANS | Published: December 26, 2022 8:27 PM

Kolkata, Dec 26 In wake of rising complaints against provident fund trustee boards of jute mills in the ...

Open in App

Kolkata, Dec 26 In wake of rising complaints against provident fund trustee boards of jute mills in the state regarding non-deposit of employers' contribution as well as the employees' contribution deducted, the West Bengal government has decided to dismantle these individual trusts and instead, link employees of the jute mills to the Employees' Provident Fund Organisation (EPFO).

State Labour Minister, Moloy Ghatak announced this to representatives of jute mill owners and the different trade unions operating in the sector at a recent tripartite meeting on this count.

Sources aware of the proceedings of the meeting said that Ghatak pointed out that the employees of just a few jute mills in the state are directly linked to the EPFO office and the majority have their own trustee boards running the show.

"The minister also observed that recently, complaints have piled up against several such trustee boards of not depositing the amounts accrued on account of employers' contribution as well as the employee's contribution although the latter had been deducted from their salaries," a source said.

According to the source, running a trustee board requires a clearance from the state Labour Minister and an annual audit of the trusts is conducted by the EPFO office. It is learnt that in the latest audit, the EPFO office have identified such irregularities in depositing provident fund contributions, and also recommended action against some of these trusts to the state Labour Department.

Following this development, the Department has taken an in-principle decision not to allow any such trust in the jute mills of the state to continue. In future too, no fresh permission for such trusts would be given.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Employees' Provident Fund OrganisationLabour DepartmentMoloy ghatak
Open in App

Related Stories

BusinessEpfo Introduces Auto-Mode Settlement for Education, Marriage, and Housing Advances

BusinessEPFO New Rule: Members Can Switch Jobs Seamlessly Without Worrying About PF Transfer

BusinessEPFO Adds 15.62 Lakh Net Members in December 2023 As Rising Employment

NationalStep-by-Step Guide: Merging Multiple EPF Accounts Under One UAN

NationalEPFO Sets Record Three-Year High with 8.25% Interest Rate on Employees' Provident Fund for 2023-24

Politics Realted Stories

PoliticsRahul Gandhi, Mallikarjun Kharge To Hold Meeting To Strategise on Exit Poll Outcomes

NationalNews 24-Today's Chanakya Exit Poll Predicts Clean Sweep for BJP in Gujarat and Chhattisgarh in Lok Sabha Election 2024

NationalArvind Kejriwal To Surrender on June 2: BJP Leader Vijay Goel Brings Ambulance for Delhi CM (Watch Video)

PoliticsManmohan Singh Accuses PM Modi of Diminishing the Prestige of the PM's Office: 'No Prime Minister Has Used Such Hateful Language

PoliticsChirag Paswan Criticizes Rahul Gandhi's Promise to Scrap Agniveer Scheme: 'Those Who Care About Mutton Parties Will Not Understand'