Monday 14 March 2016

Kingfisher Airlines' PF Contributions to be Probed

Intraday Market Tips update only at:-

 

Labour Ministry will soon launch an investigation into the provident fund contributions made by Kingfisher Airlines for its employees when the carrier was functioning, Union Minister Bandaru Dattatreya has said. 

 

"We have not examined the issue so far. I will look into that. We will examine (all the issues)," Dattatreya told PTI. Beleaguered businessman Vijay Mallya, who is facing legal proceedings for allegedly defaulting on loans of over Rs 9,000 crore from various banks, is currently under scanner by multiple agencies, including CBI. 

 

An open letter written by women employees of KFA recently alleged that the company did not pay salaries, but kept depositing PF due to fear of action from the authorities.

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