Bowing to pressure from Left- backed trade unions, the Employees Provident Fund Board on Monday agreed to continue paying 8.5 per cent interest rate to its nearly four crore subscribers for fiscal 2006-07 as well. “Amid protest by some trade union representatives, it has been decided to pay 8.5 per cent interest rate on provident fund,” Labour Minister…

‘EPF rates likely at 8.5%’
Amid pressure by Left-backed trade unions not to tinker with the current 8.5 per cent interest rate on Employees Provident Fund, the government today said it will try to retain the rate for the four crore EPF subscribers in the country. “The Labour Ministry would make an…

EPF board retains 8.5 pc interest rate
Bowing to pressure from Left-backed trade unions, the Employees Provident Fund Board today agreed to continue paying 8.5 per cent interest rate to its nearly four crore…

Source by article.wn.com