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4th
December, 2002
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| Ministry
of Road Transport & Highways |
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OUTSTANDING ARREARS WORTH OVER RS.593 CRORE RECOVERED BY EMPLOYEES
PROVIDENT FUND ORGANISATION
The Employees Provident
Fund Organisation (EPFO) has recovered Rs.593.30 crore through
recovery action out of the outstanding arrear demand Rs.1546.34
crore in the un-exempted sector during 2001-2002. The recovery
is Rs.178.95 crore more than the previous year. This was revealed
during the 159th Meeting of the Central Board of Trustees
(EPF) here today. About 72% of the outstanding arrears, i.e.,
Rs.683.75 crore is concentrated in nine regions namely Andhra
Pradesh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Orissa,
Tamil Nadu, Uttar Pradesh and West Bengal. 29,856 defaulting establishments
belong to the private sector accounting for Rs.626.09 crore while
1408 such establishments in the public sector account for Rs.326.95
crore arrears.
The Meeting was told
that the out of the total arrears of Rs.953.04 crore, an amount
of Rs.678.82 crore could not be recovered over the years due to
stay by courts, factories having gone into liquiditation, factories
declared sick by the BIFR, etc.
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Realisable
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Un-realisable
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Total-Balance
as on 31.03.2002
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Un-exempted
Sector (Rs.in crores)
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274.22
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678.82
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953.04
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S.No.
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Status of
Un-realisable Arrears
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No. of Cases
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Amount involved
(Rs.in
crores)
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% of Total
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a)
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Stay by Courts
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2838
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252.90
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37.26
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b)
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Registered under
BIFR
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1338
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154.90
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22.82
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c)
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Under Liquidation
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762
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59.74
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8.80
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d)
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Others
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8540
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211.28
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31.12
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Total
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13478
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678.82
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100.00
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