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Finance Ministry nod likely for 9.5% PF interest soon

February 19th, 2011 Admin No comments

NEW DELHI: The tussle between the Labour and the Finance Ministries on the payment of 9.5 per cent interest instead of 8.5 per cent to the employees’ Provident Fund (PF) subscribers for 2010-11 may end smoothly next week, with the Finance Ministry reversing its “objection” for the new rate and pave way for issuing a notification by month end.

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Finance Ministry nod likely for 9.5% PF interest soon