In the course of a resolution issued today [in Simla on October 19] the Government of India states that for some time past they have been in correspondence with the Secretary of State in regard to the question of the general improvement of the conditions governing the provident funds of Indian Railways. From time to time certain provisional orders have been issued in respect of portions of the general scheme which it was desirable should be immediately brought into operation. All points under discussion have now been settled and with the approval of the Secretary of State, the Government of India have issued a notification in regard to the decisions arrived at and orders in regard to the improvements which it has been decided to bring into effect. Among the points decided are the following: The existing rate of subscription to the provident fund of one twelfth of the salary of the employee will be continued. The contribution from the Railway of an amount equal to the subscription to the provident fund sanctioned in Railway Board's letter... will be maintained at that level. The rate of interest on deposits will be guaranteed at 4 per cent per annum with effect from the 1st April.
