LatestCorporate Compliance 12 September 2026
EPFO Interest Ruling Sparks Wider Financial Updates
A Mumbai consumer court ordered EPFO to pay 6% interest for a 35‑day delay on a ₹14.06 lakh PF claim, setting a precedent for interest on delayed withdrawals. RBI’s anticipated 25 bps rate hike could raise home loan EMIs, while the Calcutta High Court granted interest on delayed gratuity. Simultaneously, Ukraine debates higher minimum wages and India’s labour codes face criticism for weak climate safeguards for women workers.
A Mumbai consumer court has ordered the Employees' Provident Fund Organisation (EPFO) to pay 6% interest for a 35‑day delay in settling a PF claim of ₹14.06 lakh. The decision emphasizes that EPFO must compensate members for any undue delay in processing withdrawals. (Mint)
- RBI rate outlook: SBI Research expects a 25‑basis‑point rate hike in October, which could push up home‑loan EMIs and affect fixed‑deposit returns. (Upstox)
- Gratuity ruling: The Calcutta High Court granted interest on delayed gratuity payments, reinforcing workers' rights to timely retirement benefits. (SCC Online)
- Global wage debate: Ukraine is weighing a higher minimum wage to aid workers without harming businesses. (Devdiscourse)
- Labour‑code climate gap: India’s new labour codes offer limited climate protection for women in manufacturing, drawing criticism from climate advocates. (IndiaSpend)
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