Rs 39,000 crore EPF withdrawals during May-Aug

The maximum amount of EPF withdrawals during the period was done in Maharasthra (Rs 7,837.8 crore), followed by Karnataka (Rs 5,743.9 crore) and Tamil Nadu, which totalled Rs 4,984.5 crore, labour minister Santosh Gangwar said. The ministry also said it reduced EPF contribution from 12% to 10% of wages for May, June and July.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/35yBxLG