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PM busy adding to woes of people: TMC slams PM Modi over EPF interest rate slash

PM busy adding to woes of people: TMC slams PM Modi over EPF interest rate slash

India Today
Saturday, June 04, 2022 05:56:59 PM UTC

The Trinamool Congress slammed Prime Minister Narendra Modi for lowering the interest rate on employee provident fund (EPF), saying he is only adding to people's woes.

Attacking the central government for its decision to slash the interest rate on employees’ provident fund (EPF), the Trinamool Congress on Saturday alleged that Prime Minister Narendra Modi keeps himself busy by adding to the woes of people.

The new interest rate on EPF is the lowest in 40 years, the TMC tweeted with the hashtag #8YearsOfShame.

The Centre had on Friday approved an 8.1 per cent rate of interest on EPF deposits for 2021-22 — an over four-decade low — for about five crore subscribers of retirement fund body the Employees’ Provident Fund Organisation (EPFO).

The TMC in a tweet said: "Ever wondered how Mr. Busy Prime Minister Shri Shri @narendramodi ji keeps himself busy? By adding to the woes of people, one after another!”

The party also shared a year-wise list of EPF interest rates from 2014-15, when a BJP-led coalition came to power at the Centre.

EPF interest rates slashed, LOWEST IN 40 YEARSEver wondered how Mr. Busy Prime Minister Shri Shri @narendramodi ji keeps himself busy? By adding to the woes of people, one after another!#8YearsOfShame pic.twitter.com/kyIl2FOaaR

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