{"id":28979,"date":"2022-03-12T18:53:57","date_gmt":"2022-03-12T13:23:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/cpi-epfo\/"},"modified":"2022-03-12T18:53:57","modified_gmt":"2022-03-12T13:23:57","slug":"cpi-epfo","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cpi-epfo\/","title":{"rendered":"CPI leader urges FM to reconsider EPFO rate slash"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-625896706\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> \t New Delhi, Mar 12 (PTI) CPI MP Binoy Viswam on Saturday urged Finance Minister Nirmala Sitharaman to reconsider the decision of reducing the EPFO interest rate accusing the government of \u201cthrowing the working class under the bus\u201d.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3975222495\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> In a letter he wrote to the minister, Viswam accused the BJP-led government of showing its \u201ctrue colours\u201d just after the party secured electoral victories in four states in the recently concluded assembly polls.<\/p>\n<p> \u201cThe decision of the Employees\u2019 Provident Fund Organisation (EPFO) to slash the interest rate to 8.1% from 8.5% is not only irresponsible but also reflects the complete lack of concern this Government shows towards the working people of our country.<\/p>\n<p> &#8220;Following electoral victories, the ruling party has once again displayed its true colours, this time by throwing the working class of India under the bus by slashing the interest rate to a 43-year low,\u201d he said.<\/p><div class=\"trade-content_5\" id=\"trade-993307701\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> He said it has been the FM\u2019s continuous position to push the EPFO to reduce its interest rates \u201cwithout providing sound reasoning and logic\u201d and defeating the very purpose of the organisation.<\/p>\n<p> \u201cAs an organisation that intends to provide \u2018social security\u2019 to the workers of India, the reduction in interest rate is unconscionable.<\/p>\n<p> &#8220;The mission of the organisation itself states that it aims to ensure ease of living for members and pensioners,\u201d he wrote.<\/p>\n<p> He expressed worry for the over 6 crore subscribers of the EPFO scheme who are bound to be affected by the current slashing, adding that such \u201charsh\u201d steps can only be explained as \u201cexception of last resort\u201d.<\/p>\n<p> \u201cIn light of this, I strongly urge upon you to re-consider this decision and maintain the current interest rate of 8.5 %, which in itself requires increase,\u201d he said. PTI ASG   DSP VN VN<\/p>\n<div class=\"trade-after-content\" id=\"trade-2098991483\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 12 (PTI) CPI MP Binoy Viswam on Saturday urged Finance Minister Nirmala Sitharaman to reconsider the decision of reducing the EPFO interest rate accusing the government of \u201cthrowing the working class under the bus\u201d. In a letter he wrote to the minister, Viswam accused the BJP-led government of showing its \u201ctrue colours\u201d [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-28979","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CPI leader urges FM to reconsider EPFO rate slash - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/cpi-epfo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPI leader urges FM to reconsider EPFO rate slash\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 12 (PTI) CPI MP Binoy Viswam on Saturday urged Finance Minister Nirmala Sitharaman to reconsider the decision of reducing the EPFO interest rate accusing the government of \u201cthrowing the working class under the bus\u201d. 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