A few weeks back Mallikarjun Kharge,Labour Minister expressed the hope that this year the interest on Employees Provident Fund may be increased from the present  9.5%. Workers were happy. It was fully justified since the interest rate has already been increased during the last year on loans etc.

But now the bolt from the blue. It is reported that the interest rate, instead of increasing may be reduced to 8.25%! What a non-sense! When the interest rate every where is increasing how it can be reduced for the EPF only? This should be strongly protested. Hope the Central Unions will take the issue seriously and make the government to decided in favour of increased rate.