Ahead of the crucial EPF board meeting on Tuesday, the central trade unions have demanded restoration of 12 per cent interest to provident fund subscribers.
They also asked the government to reconsider the decision on eight per cent interest rate on small savings including special deposit schemes, according to union sources.
The demand was raised during the meeting of top officials of central trade unions including CPM-affiliated CITU and CPI affiliated AITUC in New Delhi on Monday.
Among other things, the meeting discussed the impact of various budget proposals particularly having a bearing on working class and controversial issues like enhancing FDI cap on telecom, civil aviation and insurance sectors.
The trade unions also urged the government to scrap the decision of dereservation of 85 items on the list earmarked for small scale sector and sought concessional credit to small scale and tiny sector.
© 2025