EPFO PANEL REFUSED TO INVEST IN INDICES

Under pressure from employees' representatives, a key advisory body of retirement fund manager,
Employee Provident Fund Organization (EPFO) has rejected the Finance Ministry's proposal to invest 3% to 5% of the Rs. 2.57 lakh crore corpus in stock indices. It is now left to EFPO's apex body, Central Board of Trustees, to take a call on the Finance and Investment Committee's recommendations to reject the Finance Ministry proposal of investing in stock indices.