New Delhi, Jan 13, 2014
The Employees Provident Fund Organisation decided to increase the interest rate on Provident Fund deposits for 2013-14 to 8.75%.
This is an improvement of 0.25% over the 8.5% interest rate paid last year.
The announcement made by labour minister Oscar Fernandes after a meeting on Monday will benefit close to eight crore subscribers.
EPFO fixes the rate based on the interest earned on its investment and its expenses.
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Hyderabad, Sep 3 (IANS) Mahindra Group plans to expand its operations in different sectors in Telangana. Officials of six Mahindra Group companies on Thursday met state IT Minister K. Taraka Rama Rao, Industries Minister J. Krishna Rao and Chief Secretary Rajiv Sharma and discussed their expansion plans. It was a follow-up of Rama Rao's visit to Mumbai and meeting with Mahindra Group chairman Anand Mahindra last month to explain investment opportunities in the newly created state. …