It is employee`s hard earned basic pay .They must decide what to do . What if a handful of bureaucrats with FM`s implied permission invest in Harshad Mehta like wise stocks .
There are various bank FDs which are giving rates of 9% for 5 years or higher periods... so why does the trust want to take the risk of investing in stocks?
The main issue with EPFO is not whether money should be put in stocks or government securites but scientific valuation of the existing corpus by actuaries and working out the surpls or deficit in the corpus . The last acturial valuation report has revealed a huge deficit and the report is buried deep in the mantle of the earth. When the people who are contributing to this scheme come to know the truth, they will be shocked to dea..This is going to explode in the future and will be grandmother of all scams and mismanagement. Many of the present day contributors are going to get 10000 volt shock when they grow old and retire. The pension crisis that we saw in France a few months ago will explode in the face of Indians a couple of decades from now.
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 markets.
Re: Dont meddle with PF funds
by meerazherali on Feb 08, 2011 11:11 AM
I Think Govt wants to eataway all the money of employees by saying stcoks has gone down and in loss. Paranbh I think you should get retired from your post and say goodbye to this world of politics.
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.
