Financial Daily from THE HINDU group of publications
Tuesday, Jun 08, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jun 08, 2004 |
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Opinion
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Letters Interest on PF savings
This is with reference to "Unions demand 12 pc interest on PF savings" (Business Line, June 6). The Central Trade Unions' demand to raise the interest rate on Provident Fund to 12 per cent from the present 9.5 per cent is genuine and warrants consideration by the government during the budgetary exercise. The defensive low return theory of the EPF cannot hold good, as the judicious investments for good returns are still possible. The increase in PF interest would be a boon to the retirees from service. The Government should also consider increasing interest on deposits for the retired personnel along with the other senior citizens. C. P. Velayudhan Nair Kochi
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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