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Govt raises EPF interest rate to 8.8% for 2015-16

Employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO

Press Trust of India  |  New Delhi 

In the third roll-back in two months, the government today raised the interest rate on employee provident fund (EPF) contributions to 8.8% for 2015-16 against 8.7% approved by the Finance Ministry last week. Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on a day employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO as well as 8.75% paid for the previous fiscal. "I am happy that finance ministry has agreed to 8.8% for 2015-16," he told reporters here. This is ...

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Govt raises EPF interest rate to 8.8% for 2015-16

Employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO

Employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO In the third roll-back in two months, the government today raised the interest rate on employee provident fund (EPF) contributions to 8.8% for 2015-16 against 8.7% approved by the Finance Ministry last week. Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on a day employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO as well as 8.75% paid for the previous fiscal. "I am happy that finance ministry has agreed to 8.8% for 2015-16," he told reporters here. This is ... image
Business Standard
177 22

Govt raises EPF interest rate to 8.8% for 2015-16

Employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO

In the third roll-back in two months, the government today raised the interest rate on employee provident fund (EPF) contributions to 8.8% for 2015-16 against 8.7% approved by the Finance Ministry last week. Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on a day employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO as well as 8.75% paid for the previous fiscal. "I am happy that finance ministry has agreed to 8.8% for 2015-16," he told reporters here. This is ...

image
Business Standard
177 22