{"id":29198,"date":"2022-03-14T16:27:43","date_gmt":"2022-03-14T10:57:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/ls-epfo\/"},"modified":"2022-03-14T16:27:43","modified_gmt":"2022-03-14T10:57:43","slug":"ls-epfo","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ls-epfo\/","title":{"rendered":"DMK, Trinamool members oppose interest rate cut on EPF deposits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2825144541\"><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> New Delhi, Mar 14 (PTI) DMK member T R Baalu on Monday slammed the government for lowering the interest rate on Employees Provident Fund deposits to 8.1 per cent.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4164020500\"><!-- 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> Raising the issue during Zero Hour, Baalu also demanded that the Centre restore the interest rate on EPF deposits to 8.5 per cent and fix the minimum pension under the employee pension scheme at Rs 3,000 per month.<\/p>\n<p> Baalu, who represents Sripermbudur in Lok Sabha, said the seventh pay commission had recommended Rs 18,000 as minimum wage and Rs 9,000 as monthly pension.<\/p>\n<p> However, he said that the Centre only pays Rs 1,000 as monthly pension under EPS.<\/p><div class=\"trade-content_5\" id=\"trade-4227810680\"><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> \u201cAdding insult to the injury, the EPFO now has reduced the interest rates on EPF from 8.5 per cent to 8.1 per cent . It is the most dangerous issue. This is not good. I demand that the EPFO should restore 8.5 per cent interest on EPF and there should be a minimum pension of Rs 3000,\u201d Baalu said.<\/p>\n<p> Trinamool member Saugata Ray also objected to the lowering of interest rate on EPF deposits and voiced concern about the privatisation policy of the government.<\/p>\n<p> \u201cThe government should not take the victories in the assembly elections to ride roughshod on the workers. Already it has shown its teeth by reducing the interest rate on EPF deposits,\u201d Ray said.<\/p>\n<p> He said the government has sold Air India and Neelanchal Ispat Nigam Limited and has lined up privatisation of Life Insurance Corporation, two public sector banks and listed out 36 public sector undertakings for strategic disinvestment.<\/p>\n<p> Ray said the government was also planning to sell airports and ports to private companies and to invite private companies in railways. PTI SKU  SKU RT RT<\/p>\n<div class=\"trade-after-content\" id=\"trade-1138635704\"><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 14 (PTI) DMK member T R Baalu on Monday slammed the government for lowering the interest rate on Employees Provident Fund deposits to 8.1 per cent. Raising the issue during Zero Hour, Baalu also demanded that the Centre restore the interest rate on EPF deposits to 8.5 per cent and fix the [&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-29198","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>DMK, Trinamool members oppose interest rate cut on EPF deposits - 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\/ls-epfo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DMK, Trinamool members oppose interest rate cut on EPF deposits\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 14 (PTI) DMK member T R Baalu on Monday slammed the government for lowering the interest rate on Employees Provident Fund deposits to 8.1 per cent. 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