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Govt to meet trade unions on exposure of EPFO to markets

The govt is firm on raising the proportion of investment from provident fund corpus in equity markets

Bandaru Dattatreya
Bandaru Dattatreya

Labourministryofficials,ledbyMinisterBandaruDattatreya,willmeettradeunionsinthesecondweekofSeptembertoironoutdifferencesoverincreasingproportionoftheEmployees’ProvidentFund(EPF)tobeinvestedinthestockmarket. Thegovernmentisfirmonincreasingtheproportionofinvestmentfromprovidentfundcorpusinequitymarketsviatheexchangetradedfund(ETF)routeto10percent, fromthecurrent5percent. Aseniorlabourministryofficialsaid,“Itisalmostcertainthatthequantumofinvestmentwillgohigher.Thefinance ...