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EPF conundrum: Jaitley wins no brownie points with repeated U-turns
Dinesh Unnikrishnan123 •For the third time in two months, finance minister, Arun Jaitley, has been forced to go back on his words on the Employee Provident Fund Issue (EPF). The latest reversal came on Friday when the finance ministry increased the EPF rate to 8.8 per cent from 8.7 per cent decided earlier.
Govt increases EPF interest rate to 8.8 percent bowing to trade union pressure
Fp Staff •The government was forced to take a U-turn on the Employee Provident Fund (EPF) issue yet again on Friday when it increased the rate to 8.8 per cent from 8.7 per cent decided earlier. The Central Board of Trustees (CBT) had originally recommended 8.8 per cent.
Will discuss EPF interest rate issue with FM: Labour Minister
•A day before nationwide protest by trade unions against lowering of EPF interest rate, Labour Minister Bandaru Dattatreya today said that he will discuss the issue with Finance Minister Arun Jaitley.
FinMin approves 8.7% interest on EPF for 2015-16: Dattatreya
•The Finance Ministry has approved 8.7 per cent interest on PF deposits for over 5 crore subscribers of retirement body EPFO, lower than 8.8 per cent decided by the Central Board of Trustees (CBT).