Dear Mr.Pranab, Enough of playing with the casino called stock market to satisfy your corporate bosses. There is a limit to how much low you can stoop to keep corporate bosses happy. This is a third rated idea even by your lowly standards. Do not put PF money in stock money.
EPF OFFICIALS ARE CREATING SOMANY PROBLEMS TO ITS STAKE-HOLDERS. THEY ARE NOT ABLE TO CLEAR THE CLAIMS LODGED BY THE CONTRIBUTORS - WHETHER IT IS TRANSFER, LOAN, WITHDRAWL, PROVIDING PERIODICAL STATEMENTS ETC. THEY DONT REALISE THAT THEY RECEIVE SALARIES COURTESY ITS STAKE-HOLDERS. GOVT. SHOULD IMMEDIATELY OUT-SOURCE THE EPF SERVICES TO SOFTWARE COMPANIES AND HELP THE CUSTOMERS. EPF OFFICIALS ARE NOT EVEN ATTENDING THE INCOMING PHONE CALLS. LOT MONEY AND TIME OF PUBLIC IS BEING WASTED BY THEIR FREQUENT VISITS TO EPF OFFICES. EPF DEPARTMENT IS ONE OF THE IN-EFFICIENT DEPARTMENTS IN THE COUNTRY. WE ARE FORCED TO SAVE OUR HARD-EARNED MONEY WITH THAT IN-EFFICIENT DEPARTMENT. WHAT A PITY. WE ARE NOT ABLE TO GET OUR OWN MONEY BACK.
EPF and PPF were created so that the govt. could use that money and at same time pay good interest to the common man so that they can save for their future.
Why would we want it to roll in stocks arent their other sources already doing this stuff ??
Also PPF and EPF should be earning interest that is higher than the inflation rate else the govt. is cheating citizens on their hard earned money.
and its meant to play around and get returns by investing in virtual markets. Use the money for real investment and so gov and people both grows. otherwise only few congress relatives will grow.
Re: PF money with Gov. is meant for India's growth
by Dharmesh Patel on Feb 08, 2011 10:43 AM
correction, "and its meant to" = "and its not meant to", sorry no scam idea that was behind the mistake
