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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

Labour ministry officials, led by Minister Bandaru Dattatreya, will meet trade unions in the second week of September to iron out differences over increasing proportion of the Employees’ Provident Fund (EPF) to be invested in the stock market. The government is firm on increasing the proportion of investment from provident fund corpus in equity markets via the exchange traded fund (ETF) route to 10 per cent,  from the current 5 per cent. A senior labour ministry official said, “It is almost certain that the quantum of investment will go higher. The finance ...