All the Central Trade Unions have strongly opposed the refusal of the Central government to approve the increase of PF interest rate from 8.5% to 9.5% for 2010-11 as decided by the Employees Provident Fund Organisation(EPFO). There are 4.71 crore subscribers to the EPF. The government refusal has been described by the Unions as anti-labour. It was after much pressure by the unions that the decision was taken by the EPFO to increase the rate. Private companies have been opposing the hike and the government has succumbed to their pressure. No doubt business people are more important than workers to the UPA government!