EPFO's New Regulations Spark Debate: Employee Impact And Government Response

The recent amendments to the Employees' Provident Fund Organisation (EPFO) regulations have ignited a wave of criticism from opposition parties, who argue that the changes could negatively impact salaried employees, pensioners, and job seekers. These groups express concerns that the new rules may reduce their benefits and complicate access to retirement funds.
In response, the Ministry of Labour and Employment has labeled these allegations as misleading. Officials assert that the modifications are designed to enhance governance, improve transparency, and streamline the administration of the EPFO system. They emphasize that the reforms aim to modernize the framework to better serve the interests of all stakeholders involved.