Haryana News

HPEA concerned over locking of Rs 1000 crore in Yes Bank

March 11, 2020 04:07 PM

CHANDIGARH: Haryana Power Engineers Association (HPEA) have expressed concern over the reports that Rs 1,000 crore pension and provident fund dues of employees of Haryana Vidyut Prasaran Nigam (HVPN) has been blocked at Yes Bank. The Association has demanded Chief Minister’s intervention and safeguarding the money of thousands of government employees.

K K Malik General Secretary of Association said that as per reports Haryana Vidyut Prasaran Nigam (HVPN) which is managing PF of employees in a trust. Deposited the amount in a savings bank account which has been blocked now .The amount was supposed to be invested in AAA-rated institutions so that the corpus could grow and meet the liability of provident fund and pension.

Ram Paul President of the Association demanded that details of investment of employee’s pension and provident fund money should be made known to employees. The state government must guarantee that payment of pension and GP fund will be made in time to the employees.

In case the state government does not assure the employees they will be forced to agitate.

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