covid-19 2020 crisis

₹73,000 cr from retirement fund amid covid

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₹73,000 crore from the Employees Provident Fund Organization (EPFO) in the nine months ended 31 December, reflecting the hardship the salaried class faced amid the covid-19 crisis in 2020.In comparison, according to the EPFO annual day report for FY19, the latest official data available in public domain, the retirement fund body had settled 16.37 million claims for the full year worth ₹81,200 crore.

To be sure, it’s however not clear, whether the 2018-19 numbers includes disbursements made by exempted trusts—companies managing their own EPF corpus—or not.

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