Government looks to widen EPFO reach to cover more construction workers
Monday, March 6, 2017, 12:22 PM
The government is planning to lower employers’ liability towards Employees’ Provident Fund (EPF) in the construction sector, to 10% of the basic pay from 12% now. However, there is no change in their contribution towards ESIC, which is 4.75%. The labour ministry feels that by reducing the quantum of employer’s contribution, it can influence more building/construction units to extend the EPF benefits to workers.