Diabytes
EPFO trustees News
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The Employees' Provident Fund Organisation (EPFO) is likely to cut interest rate on the grounds that it is directly crediting exchange trade funds (ETF) units into provident fund accounts and lower yields on other investments, particularly bonds.
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Government is considering a proposal to hike wage ceiling for coverage under social security schemes run by the retirement fund body EPFO to Rs 25,000 per month from the existing Rs 15,000, Parliament was informed on Monday.
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Retirement fund body EPFO's trustees Friday decided to constitute a panel to look into various investment options like increasing exposure to housing finance firms and private sector bonds.
Retirement fund body EPFO will discuss a proposal to invest a part of its over Rs 6 lakh crore corpus in equities in the meeting of its trustees on December 19.
Retirement fund manager EPFO has sought approval of its trustees to invest more funds in government securities, particularly state development loans (SDL) as they offer better returns than corporate bonds.
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