Budget may levy new cess to provide social security to coolies

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Government might announce a new cess in the forthcoming Union Budget 2017 to cover around 20,000 railway coolies under social security schemes run by the retirement fund body EPFO.

“There is a proposal from the Labour Ministry to levy a cess of 10 paisa per railway ticket to cover 20,000 railway coolies under the ambit of social security net through the Employees Provident Fund Organisation (EPFO),” a source said.

“The proposal makes a lot sense because 10 paisa cess per ticket will not burn of a hole into travellers’ pockets. Besides it would help railways to mop up funds to provide social security to coolies,” said the source.

This proposal is a one of the initiatives of government’s overall efforts to bring over 40 crore informal sector workers under the social security net of the EPFO and others like ESIC.

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