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Mr Jaitley, workers still remain hostage to EPFO/ESI 10 months after budget promise

When finance minister Arun Jaitley spoke, in his budget, of both EPFO and ESI having hostages rather than clients, it is not clear if even he knew the extent of how bad things are. A calculation by TV Mohandas Pai and Rajesh K Moorti shows that the overcharging by these two institutions is likely to be in the region of Rs 10,000 crore this year – and that’s after the EPFO reduced its administrative charges this year. Think of the savings for crores of low-paid workers if their monthly outgo was reduced and the headache for employees who, despite the finance minister’s budget promise, are still not free to move to other privately-run but government-approved/regulated schemes.


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