{"id":5689,"date":"2019-07-01T08:21:18","date_gmt":"2019-07-01T08:21:18","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=5689"},"modified":"2019-07-01T08:21:18","modified_gmt":"2019-07-01T08:21:18","slug":"epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/","title":{"rendered":"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report"},"content":{"rendered":"<p style=\"text-align: justify;\">The Employees Provident Fund Organisation (EPFO) and the Union labour ministry will retail the interest rate of 8.65 percent in spite the finance ministry&#8217;s concern that the rate is too high,\u00a0<em>Mint<\/em>\u00a0reported, citing people aware of the development. The EPFO\u00a0 and the ministry will communicate the decision to the higher authorities added the report.<\/p>\n<p style=\"text-align: justify;\">On February 21, the EPFO had kept the interest rates at 8.65 percent, 10 basis points higher than 8.55 percent the previous year. One basis point is one-hundredth of a percentage point.<\/p>\n<p style=\"text-align: justify;\">The ministry believes that the higher interest rate will not\u00a0justify the fund&#8217;s performance but two officials with knowledge of the discussions told Reuters that the bigger factor is concerned with the high return that would jeopardize the economy by slashing banks&#8217; ability to lend at attractive rates.<\/p>\n<p style=\"text-align: justify;\">EPFO\u2019s central board of trustees is a tripartite body, and has representation from the finance ministry as well. When the decision was taken, it was unanimous. Four months after a decision was taken, you cannot go back. The message for the working class as well as the political bosses will be far-reaching, a government official, the first of the three people cited above told\u00a0<em>Mint<\/em>.<\/p>\n<p style=\"text-align: justify;\">The labour ministry feels that since the government does not provide subsidy on the EPF rate and that the payout is based on the EPFO&#8217;s investment returns, there is barely any logic to penalise the working class, a second official told\u00a0<em>Mint<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Employees Provident Fund Organisation (EPFO) and the Union labour ministry will retail the interest rate of 8.65 percent in spite the finance ministry&#8217;s concern that the rate is too high,\u00a0Mint\u00a0reported, citing people aware of the development. The EPFO\u00a0 and the ministry will communicate the decision to the higher authorities added the report. On February [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[4097,4099,4098],"class_list":["post-5689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","tag-epf","tag-epfo","tag-labour-ministry"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EPFO, labour ministry could retain 8.65% interest rate for FY19, says report - Finance Intellect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"The Employees Provident Fund Organisation (EPFO) and the Union labour ministry will retail the interest rate of 8.65 percent in spite the finance ministry&#8217;s concern that the rate is too high,\u00a0Mint\u00a0reported, citing people aware of the development. The EPFO\u00a0 and the ministry will communicate the decision to the higher authorities added the report. On February [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-01T08:21:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"621\" \/>\n\t<meta property=\"og:image:height\" content=\"414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Team Finance Intellect\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Finance Intellect\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/\"},\"author\":{\"name\":\"Team Finance Intellect\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\"},\"headline\":\"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report\",\"datePublished\":\"2019-07-01T08:21:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/\"},\"wordCount\":249,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg\",\"keywords\":[\"EPF\",\"EPFO\",\"labour ministry\"],\"articleSection\":[\"Economy and Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/\",\"name\":\"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report - Finance Intellect\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg\",\"datePublished\":\"2019-07-01T08:21:18+00:00\",\"author\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\"},\"breadcrumb\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#primaryimage\",\"url\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg\",\"contentUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg\",\"width\":621,\"height\":414},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financeintellect.com\/home-page\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/\",\"name\":\"Finance Intellect\",\"description\":\"Get business and finance insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\",\"name\":\"Team Finance Intellect\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g\",\"caption\":\"Team Finance Intellect\"},\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report - Finance Intellect","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/","og_locale":"en_US","og_type":"article","og_title":"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report - Finance Intellect","og_description":"The Employees Provident Fund Organisation (EPFO) and the Union labour ministry will retail the interest rate of 8.65 percent in spite the finance ministry&#8217;s concern that the rate is too high,\u00a0Mint\u00a0reported, citing people aware of the development. The EPFO\u00a0 and the ministry will communicate the decision to the higher authorities added the report. On February [&hellip;]","og_url":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/","og_site_name":"Finance Intellect","article_published_time":"2019-07-01T08:21:18+00:00","og_image":[{"width":621,"height":414,"url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg","type":"image\/jpeg"}],"author":"Team Finance Intellect","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Team Finance Intellect","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#article","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/"},"author":{"name":"Team Finance Intellect","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e"},"headline":"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report","datePublished":"2019-07-01T08:21:18+00:00","mainEntityOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/"},"wordCount":249,"commentCount":0,"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg","keywords":["EPF","EPFO","labour ministry"],"articleSection":["Economy and Politics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/","url":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/","name":"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report - Finance Intellect","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#primaryimage"},"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg","datePublished":"2019-07-01T08:21:18+00:00","author":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e"},"breadcrumb":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#primaryimage","url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg","contentUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg","width":621,"height":414},{"@type":"BreadcrumbList","@id":"https:\/\/financeintellect.com\/home-page\/home\/epfo-labour-ministry-could-retain-8-65-interest-rate-for-fy19-says-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financeintellect.com\/home-page\/home\/"},{"@type":"ListItem","position":2,"name":"EPFO, labour ministry could retain 8.65% interest rate for FY19, says report"}]},{"@type":"WebSite","@id":"https:\/\/financeintellect.com\/home-page\/home\/#website","url":"https:\/\/financeintellect.com\/home-page\/home\/","name":"Finance Intellect","description":"Get business and finance insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e","name":"Team Finance Intellect","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g","caption":"Team Finance Intellect"},"url":"https:\/\/financeintellect.com\/home-page\/home\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Dollar-rupee-ended-over-one-week-high-Tuesday.jpg","_links":{"self":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/comments?post=5689"}],"version-history":[{"count":1,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5689\/revisions"}],"predecessor-version":[{"id":5690,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5689\/revisions\/5690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media\/3429"}],"wp:attachment":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media?parent=5689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/categories?post=5689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/tags?post=5689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}