Downsize, says XLRI; no way, says EPFO

Smita Aggarwal Tags : business corporate india, business corporate news Posted: Thursday , Sep 18, 2008 at 0049 hrs

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Ministry for better PF returns

The four-crore EPFO subscribers may receive a higher rate of interest on their PF deposits for the fiscal 2008-09 with the labour ministry pressing for it with the finance ministry. The labour and employment minister Oscar Fernandes is also likely to take a delegation of members of the Central Board of Trustees to Prime Minister Manmohan Singh on the issue. PF subscribers received 8.5 per cent return on their deposits during 2007-08.

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