Delhi Chief Minister Arvind Kejriwal on Tuesday launched stinging attack on Narendra Modi government and the Union Finance Minister Arun Jaitley for ‘interfering’ with Provident Funds of the middle class.
However, late on Tuesday night, the government revoked the order tightening rules for withdrawal of provident fund money, within hours of keeping it in abeyance for three more months. “The notification issued on February 10, 2016 is cancelled. Now, the old system will continue,” Union labour minister Bandaru Dattatreya said at a press meet.
Earlier in the day, in a series of tweets posted, Kejriwal called it a ‘tyranny of un-elected (in reference to Jaitley becoming minister by virtue of being elected from the Upper House), Kejriwal said: “I demand that PM and FM roll-back this rule ASAP. PF is our only savings. We adults have wisdom to manage it. Why govt is interfering? This is tyranny of un-elected people like Jaitleyji. They have no idea of pulse of the people. They are disconnected from reality.” Recalling his days as a government employee, he said the new rule barring employees from withdrawing all of their savings was nothing less than ‘draconian.’ He said: “I was an employee myself and I stand with all employees against this draconian rule. Why should my hard earned savings remain with govt? Modi changed PF Withdrawal rules. Only 50% of PF savings can be now withdrawn; rest of it remains with govt till you become 58 years old.”