EPFO has declared an estimated income of Rs. 25,048 crore. The payment of 8.75% p.a. interest for the deposits of over 5 crore subscribers would need Rs. 25,005 crore. There would still be a surplus of Rs. 43 crore….
The move will benefit a total of 80 lakh employees, which includes 30 lakh pensioners. The latest hike will be applicable from 1st January 2014. Government has said that the DA hike is on account of higher inflation….
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