Riots Break Out In Bangalore Over New Provident Fund Withdrawal Rule
The government in the budget for financial year 2016-17 had announced a new rule around provident funds according to which an employee cannot withdraw their provident fund amount before turning 58. The decision hadn’t gone down well with the majority of employees. While most of the detractors had lashed out on social media against the decision, the protests took an ugly and violent turn in Bengaluru today. Thousands of garment factory workers and others launched angry riots in parts of the city protesting against the government ruling.