New Delhi: Millions of employees working in the organised private sector are pushing for an increase in the wage cap for compulsory Employees' Provident Fund coverage. Currently, the Rs 15,000 monthly cap restricts many workers from receiving retirement benefits. Calling attention to the critical need for reform, the issue has lately reappeared in Parliament with the government saying that any revision is based on stakeholder consultations.

The issue of raising the limit came up in parliament when the government was questioned whether it plans to raise the EPF limit to Rs 30,000. In response to the question, Labour and Employment Minister Mansukh Mandaviya stated that any ceiling change would be based on stakeholder consultations with unions and industry bodies.

Revision in ceiling

Mand

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