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Our Bureau

Coimbatore , Feb. 14

EVEN as the Left-wing trade unions remain unrelenting in their stand against lowering interest rate on employees provident fund (EPF) contribution, the Congress-backed INTUC has come in defence of the Central Government on this issue.

"The Employees Provident Fund Organisation can't be a charity institution to give an interest rate which it is not earning out of the money held under its corpus," said Mr G Sanjeeva Reddy, President of the INTUC.

The INTUC chief who was here to participate in a meeting organised by the Coimbatore Management Association, however, said that his central trade union body favoured for increasing the quantum of the pension payable under the employees pension fund scheme. To achieve this, the pension fund contribution rate should be increased.

More Stories on : Social Security | Tamil Nadu | Trade & Labour Unions

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