Under fire from trade unions, the Employees’ Provident Fund Organisation (EPFO) has rolled back its decision to tighten provident fund (PF) withdrawal norms. This is the second rollback in EPFO withdrawal norms. Earlier, the government was forced to reverse the Budget proposal to tax 60 per cent of the PF corpus at the time of withdrawal, following widespread protests. “Considering the representations received from various quarters and after consultations with the various stakeholders, the government has decided to withdraw the February 10 notification with immediate effect,” the labour ministry stated. Labour Minister Bandaru Dattatreya announced the roll back in Hyderabad on Tuesday, hours after saying the implementation of the new norms was put on hold till July 31. In February, EPFO had issued a notification saying the employer’s contribution to the PF corpus could be withdrawn only after the employee turns 58 years of age. According to EPFO rules, 12 per cent of an emp