Will Take Up EPF In­ter­est Is­sue with FM: Dat­ta­treya

The Economic Times - - Economy: Macro, Micro & More -

A day be­fore na­tion­wide protest by trade unions against low­er­ing of EPF in­ter­est rate, labour min­is­ter Ban­daru Dat­ta­treya on Thurs­day said he will dis­cuss the is­sue with fi­nance min­is­ter Arun Jait­ley. Trade unions will go on a day long protest to­day to op­pose the fi­nance min­istry de­ci­sion to rat­ify 8.7% EPF in­ter­est rate for 2015-16, which is lower than 8.8% de­cided by the re­tire­ment fund body EPFO. “We will have a di­a­logue and see what so­lu­tion can come out,” Dat­ta­treya told re­porters at an in­dus­try event.


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