Date:28/07/2005 URL: http://www.thehindubusinessline.com/2005/07/28/stories/2005072802480900.htm

Back EPFO decision on interest rate delayed

Our Bureau

New Delhi , July 27

THE rain in Mumbai is also taking its toll on the Employees' Provident Fund Organisation's (EPFO) bid to fix the interest rate for the current fiscal.

A meeting of the Finance and Investment Subcommittee of the EPFO scheduled for Wednesday had to be postponed because flights could not take off.

The SBI representative could not reach from Mumbai and the consultant actuary could not reach from Kolkata, though the other members managed to do so.

One of the members of the subcommittee told Business Line that the CBT, scheduled to meet on Saturday, would not be able to take any decision in the absence of the subcommittee's report.