Saturday, January 4, 2014

Trade unions demand 9% return on PF deposits

......Apart from the interest rate, the Trustees in the first such meeting this fiscal, are also expected to take up a host of proposals including a revamped investment pattern for the EPF. The new pattern, which is based on the finance ministry’s investment pattern for pension and provident fund trusts, 2008, envisages raising the cap on investments in PSU and private sector corporate bonds to 55 per cent but has refrained from investing in equities...........

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