Provident Fund law

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Darshan H D, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

The subtle and calm Bengaluru was disturbed by the garment factory workers, to protest against the PF law. The protest started at one factory where a copy of newspaper article regarding the law was published. The information snowballed the factory workers protesting leading to more than one lakh people joining the protests, which even the trade unions did not expect.

The new law says that the workers cannot withdraw contribution from PF till 58 years. These factory workers earn very little and the employee PF is the only form of the backup security for these people. If the government ceases this right then these workers would not have anything to spend in case of emergency. Adding to this fact is the availability of quality healthcare and education is very limited for this class of people. Since the unionization is prohibited and the revision in labor laws in the state, there little importance given to the employee by the owners.

This law though created to benefit the employee in long term, is creating more discontent to the citizens it was intended to. This incident also shows that there is high level of discontent among this income class with respect to the laws which affect them. The government has to take all these issues into consideration and then enact the law. For future laws it is important for government to consider the sensitive issues and problems faced by workers before any  law change .