Trade Unions will go on a day long protest tomorrow to oppose the Finance Ministry decision to ratify 8.7 per cent EPF interest rate for 2015-16, which is lower than 8.8 per cent decided by the retirement fund body EPFO.
"My ministry is examining and shortly we are going to have a sitting with the Finance Minister. Then we will have a dialogue and see that what solution can come out," Dattatreya told reporters at an industry event.
Asked why was finance ministry not considering labour ministry's opinion, he said: "finance is an advisory one. It will ultimately be the government of India. My ministry and I as Central Board of Trustees Chairman are also part of the government...Will sit together and see that the problem will be solved."
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When asked what is his opinion on the issue, "the CBT and as its head, CBT has given its opinion".
However, the central trade unions are going ahead with their protest tomorrow against the Finance Ministry's EPF interest rate ratification at 8.7 per cent.
"This is for information that the Delhi Units of Central Trade Unions i.E. AITUC, INTUC, HMS, CITU, AIUTUC, SEWA, AICCTU, UTUC, LPF and MEC have decided to organise jointly a protest Dharna on April 29, 2016 against the Finance Minister for reducing in EPF interest rate ignoring unanimous decision of tripartite CBT," said a press release by All India Trade Union Congress.