Sunday, August 22, 2021

The Central Government Made An Announcement: Those Who Lost Their Jobs Will Get PF

Provident Fund: The Union Finance Minister has made an announcement those who lost their jobs in the midst of the Corona crisis will be given PF till 2022.

That is, the Modi government will deposit the contribution of PF by 2022 in the EPFO account of all those who have lost their jobs during this epidemic.

A huge number of individuals have lost their positions because of crown contamination and crores of individuals have gotten jobless. In such a situation, a situation of financial crisis has arisen for the people who have lost their jobs. Meanwhile, the focal government has brought incredible news for the individuals who lost their positions in the midst of the Corona emergency.

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In fact, the U.F.M has made a major declaration saying that the individuals who lost their positions amidst the Corona emergency will be given PF till 2022. That is, the Modi government will deposit the contribution of PF by 2022 in the EPFO account of all those who have lost their jobs during this epidemic. The Finance Minister clarified that only those people whose salary was less than 15,000 and registered with EPFO will get its benefit.

Only such people will get the benefit

Finance Minister Nirmala Sitharaman said that registration in EPFO is necessary to take this benefit given by the central government. The central government will pay the PF portion of the employer as well as the employee for those who lost their jobs but have been called again to work in small-scale jobs in the formal sector. Also, the advantage of this office will be given solely after these units are enlisted with EPFO.

The government increased the budget of MNREGA

Due to the Corona crisis, work emergency has emerged before individuals. Therefore, the central government has increased the budget of MNREGA in view of providing employment to the people under MNREGA. The government has increased the budget from the current 60 thousand crore rupees to one lakh crore rupees.

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Finance Minister Nirmala Sitharaman said that if more than 25,000 migrant workers working in the informal sector in a district return to their native places, they will get the advantage of 16 focal plans for the business. In 2020 we have increased the MNREGA budget from Rs 60,000 crore to around Rs 1 lakh crore due to COVID. In the Corona crisis, the ration received from the ration card was given free of cost for 8 months. 3 cylinders were given liberated from cost to poor people

CONCLUSION:

Provident Fund: The Union Finance Minister has made an announcement those who lost their jobs in the midst of the Corona crisis will be given PF till 2022. The central government will pay the PF portion of the employer as well as the employee for those who lost their jobs but have been called again to work in small-scale jobs in the formal sector. The government increased the budget of MNREGA Due to the Corona crisis, work emergency has emerged before individuals.

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