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Protesting workers in Bengaluru were modestly paid employees of textile firms who had much to lose on account of a guideline which..(1)..them from accessing employers’ contribution to EPF till they turned 58. We cannot ignore that India’s current rate of..(2)..of jobs is low. People may need to withdraw from EPF to tide over a..(3)..when they are between jobs. Or they may want to build a house. Or they may face a medical emergency. In all these cases EPF..(4)..enhance their economic security, which was the core idea behind EPF. There is no case, therefore, for..(5)..such withdrawals.
It is worth questioning the fairness of the move to tighten withdrawal guidelines or tax EPF. Legislators award themselves with large pay increases,..(6)..of the state of the economy. Governments accept recommendations of..(7)..pay commissions to increase the already generous benefits of its employees but seldom act on suggestions to weed out underperforming employees or..(8)..productivity. Private sector employees, however,..(9)..no such luck. Successive governments are unwilling to carry out even a simple income tax reform which would link taxation..(10)..to inflation.
- 1) barred
2) loosen
3) open
4) fastAnswer – 1)
Explanation : barred - 1) ruined
2) creation
3) destruction
4) ruinAnswer – 2)
Explanation : creation - 1) whole
2) situation
3) problem
4) reasonAnswer – 2)
Explanation : situation - 1) forget
2) stay
3) withdrawals
4) remainderAnswer – 3)
Explanation : withdrawals - 1) permitting
2) allowing
3) advocate
4) debarringAnswer – 4)
Explanation : debarring - 1) meaningful
2) meaning
3) unmindful
4) mindfulAnswer – 3)
Explanation : unmindful - 1) infrequent
2) intermittent
3) successive
4) interruptedAnswer – 3)
Explanation : successive - 1) create
2) formality
3) formal
4) incentiviseAnswer – 4)
Explanation : incentivise - 1) have been
2) has
3) had
4) haveAnswer – 4)
Explanation : have - 1) goal
2) threshold
3) ending
4) finishAnswer – 2)
Explanation : threshold