Contributions to NPS may need to be scaled down
900,000 'old' workers took benefits of govt scheme for 'new jobs'
Total arrests by EOW in the case have risen to 12
The government order issued by Principal Secretary (Power) Arvind Kumar said all legal options would be explored for the recovery of the money
Memo submitted to 'mini PMO' in Varanasi, Modi's constituency
The Central Board of Trustees -- the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) -- had approved 8.65 per cent interest rate for the last fiscal on February 21
At present, 24 per cent of a worker's basic pay is deducted - with 12 per cent each counted as employer's and employee's share - towards the EPF savings
EPFO has already provided facility for online transfer of PF accounts on changing jobs to its subscribers.
Reversal to earlier position would make NPS unattractive