Financial Daily from THE HINDU group of publications
Tuesday, Aug 17, 2004
Financial Daily from THE HINDU group of publications Tuesday, Aug 17, 2004 |
||
|
|
||
|
Opinion
-
Letters EPF rates
This is with reference to "EPF rates — the number game" (Business Line, August 16). Last week you had rightly pointed out in your editorial the need for equity and fairness in fixing the EPF interest rate. The Central Government is unfair in equating the Employee Provident Fund subscribers with the Government employees. While the Employee Provident Fund subscribers have to remain content and "happy" with the totally inadequate Employees Pension Scheme, the Government employees are well protected with a very decent (defined benefit) inflation-linked pension scheme. It is well known that a government employee can make a substantial voluntary contribution under its Provident Fund scheme. Many government employees take advantage of this facility and earn a substantial amount of tax-free interest through it. Is there any need to pay interest on a par with the EPF on the government Provident Fund when the Employees' Pension Scheme is not on a par with the government pension scheme? Narendra M. Apte Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
More Stories on : Letters | Small Savings
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|