AP Chamber, industry body seek cut in penalties

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The AP Chambers of Commerce and Industry Federation has urged the Union Ministry of Labour to take steps for promoting ease of doing business and refrain from practice of scrutinising old accounts which make it difficult for the trade and industry to survive.

In a representation to Union Minister of State for Labour and Employment B. Dattatreya, G. Sambasiva Rao, the president of the federation, said the practice of reopening account books beyond 5 years should be stopped as it was causing a lot of inconvenience to the trade and industry. Further, the penalties being imposed were too heavy and they should be reasonable.

He said there should also be exemption from penalties for the year 2014 when the cyclone, Hudhud, hit Visakhapatnam. It should also be extended to Chennai floods and J&K floods.

He said the contribution to the PF should be voluntary and it should not be made compulsory, if the workers opposed it.