Employees Provident Fund Organisation (EPFO) today launched a probe on the suspicion that a private company, associated with the state police's Dial-100 distress call service, has not deposited the PF contributions of many of its employees.
The Pune-based company operates 800 vehicles linked to the emergency 'Dial-100' service.
It is suspected to have deposited the PF contribution of only 571 of the total of 3,000 employees, including 2,400 drivers, Regional Provident Fund Commissioner Ajay Kumar Mehra said.
A team of EPFO officials visited the company's office here today to check its records.
After examining the documents next step will be taken, he said.
(REOPENS DEL30)
Aggarwal said that people and unions will have their
views, which the ministry respects.
"We have to look into the views and feedback which we receive from various organisations and on the basis of that ultimately government will take a decision on this particular subject," he added.
Asked if unions do not agree on raising the investment limit, he said: "Ultimately, we have to take the decisions for the benefit of the workers. We are not looking after interest of unions, we are not looking after interest of the employers.
"We would like to give the workers the maximum yield, if the yield is better in equity then certainly we will go into that."
Dattatreya said that CBT has also cleared the proposal for restructuring of the retirement fund body, a move that will create thousands of vacancies.
"Since two years, a lot of exercise was done for restructuring of EPFO because EPFO is increasing its coverage of providing social security benefits and this requires expanding its infrastructure. We have agreed, CBT has agreed for the restructuring," he added.
The objective of the restructuring is to increase the efficiency of the EPFO and also incentivise the workers, the minister said.
"The workers are unable to get the promotions since the last 10-15 years. They will get it (now). We will work out the details and in the next special meeting of CBT, between July 18-22, we will meet and ratify it," he said.
The CBT has also ratified the proposal under Employees' Deposit Linked Insurance (EDLI) scheme where insurance has been extended to workers for three years if they lose their job or quit, Dattatreya said.
