Govt mulling PF interest rate hike - ALLCGNEWS

ALLCGNEWS

Central Government Employment News

Post Top Ad

16 May 2011

Home EPF EPF RATES PF Govt mulling PF interest rate hike

Govt mulling PF interest rate hike



   Bangalore, May 16 (PTI) Union Minister for Labour and Employment M Mallikarjun Kharge today said the government was looking at further hiking the interest rate on Provident Fund from the present 9.5 per cent.

   "We are contemplating further increasing the interest rate on Provident Fund from the present 9.5 per cent. The interest rate on EPF (Employees Provident Fund) was increased to 9.5 per cent recently.

   "This time also we want to give more to the employees. We are working towards it", he said while inaugurating the Southern Zonal Office of Director General of Mines Safety here.

   Kharge also said the Ministry was bringing in 32 amendments to the Mines Safety Act formulated in 1952 wherein a number of stringent steps would be introduced for the safety of mine workers.

   "The steps include increasing the penalty for violating mines safety norms from Rs 1,000 to Rs 1 lakh.


(Source)
Tags
Posted by at
TAGS , ,

No comments:

Post a Comment

Feel free to drop your comments and suggestions

Subscribe to: Post Comments (Atom)

Disclaimer

The contents and information given in this blog are purely informative in nature and should not under any circumstances be taken as authority. Allcgnews blog may contain typographical errors in its contents. All efforts had been made to ensure accuracy of the content on this blog. The same should not be construed as a statement of law or used for any legal purposes. ALLCGNEWS accepts no responsibility in relation to the accuracy, completeness or otherwise, of the contents. Users are advised to verify/check any information with the relevant departments and to obtain any appropriate professional advice before acting on the information provided in the blog. We cannot guarantee the availability linked pages at all times.

Post Top Ad