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Stir against EPF interest cut on April 29
Highlights
Trade unions on Tuesday gave call for day-long nationwide protest on Friday against Finance Ministry\'s decision to fix 8.7 per cent interest rate for provident fund subscribers, lower than 8.8 per cent decided by the EPFO.
​New Delhi: Trade unions on Tuesday gave call for day-long nationwide protest on Friday against Finance Ministry's decision to fix 8.7 per cent interest rate for provident fund subscribers, lower than 8.8 per cent decided by the EPFO.
The unions strongly denounce the "unilateral reduction" in interest rate on Employees Provident Fund (EPF) from 8.8 per cent to 8.7 per cent, ignoring the unanimous decision of tripartite Central Board of Trustees (CBT) of EPFO, the statement added.
The central trade unions call upon the workers and the trade unions irrespective of affiliations to protest against the same by holding demonstrations, meetings, etc on April 29, 2016.
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