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New Delhi May 27 The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) today deferred a decision on the interest rate payable to its subscribers for fiscal 2006-07 and 2007-08. The next meeting would be held tentatively in the first week of July, sources in the CBT told after the meeting.

Code of Conduct

The Union Minister of State for Labour, Mr Oscar Fernandes, who is also the Chairman of the board, told the trustees that in view of the Election Commission's model code of conduct that has become applicable because of the ensuing elections in Goa, a decision may be deferred.

The Minister also appealed to the board to recommend the interest rate for both 2006-07 and 2007-08 in its next meeting.

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