Mamata hits out at Centre for slashing PF interest rates

Kolkata, March 13 (Agency) West Bengal Chief Minister Mamata Banerjee on Sunday hit out at the Central government after interest rate on employees’ provident fund deposits was cut to a four-decade low, called it “anti-people” and “anti-worker step”. In a series of tweets, Banerjee said, “After the vote victory in UP, BJP government comes out with its gift card immediately!

It at once unmasks itself by proposing to slash the interest rate on Employees’ Provident Fund deposits to a four-decade low nadir. “This is amidst the pandemic-hit financial stresses of middle and lower middle class workers and employees of the country.

“The anti-people, anti-worker step exposes the crudely lopsided public policies of the current central establishment which espouses interests of big capital at the expense of farmers, workers, and middle classes. “The black initiative must be thwarted by united protests,” she added.