One may need to understand the following – a) According to Periodic Labour Force Survey Data (2017-18), the earnings of nearly 45 per cent of regular workers in India were below Rs 10,000 per month (in case of women this was 63%). While some may argue that these people stand to benefit, we need to know how many of these are actually working with EPFO-registered organisations to be able to avail the benefit. b) Small set ups with less than 15-employees may not even want to go through the entire paper trail of getting themselves EPFO- registered c) With economy still limping where will the additional money to pay salaries to new employees come from regularly even if the EPF is taken care of the government.
M.K. Padma Kumar is involved in developing strategies and managing operations for the IPE Global Group.
He has over 25 years of experience in the development sector, working in civil society organisations and international development agencies like DANIDA and DFID. As the Head of State Partnerships at the DFID India, he was responsible for developing partnerships, programme design, management and strategic oversight of all programmes implemented in Bihar, Madhya Pradesh and Odisha. He has managed various development programmes. His expertise lies in driving operational, financial and programmatic transformations. Before DFID, he was associated with Danish International Development Agency (DANIDA), Help Age and World Wildlife Fund.
He holds a Master’s degree in Business Management with specialisation in Human Resource Management and Finance. He is extensively trained in Project Cycle Management, Grant Management, Performance Management, Leadership Skills and Change Management.
