After continued demand by the unions and acceptance by the EPFO and later much grudgingly by the Finance Ministry, orders were issued for payment of 9.5% interest on EPF for the year 2011-12 by the Government. Now the private employers are refusing to pay 9.5% stating that they are not able to pay the higher %. While Indian Companies have been making huge profits every year and increasing the salary of top executives, they want to deny even this reasonable interest rate on EPF of the employees. This is not at all acceptable. The Government has to take stringent action to ensure that the 9.5% interest on EPF are paid to the employees.