EPFO panel to discuss parking cash in stocks soon


 EPFO sources said the issue has been pending for long and it is most likely to be discussed at the committee meeting scheduled next month. The proposal, if approved, would result in Rs 13,000 crore flowing into the stock markets. After evaluating the proposal, the FIC would make necessary recommendations to the EPFO’s apex body, the Central Board of Trustees (CBT), for the final decision. It is a general practice that FIC recommendations are accepted by CBT. Further, a senior labour ministry official said, “The committee is meeting on October 8 and the agenda will be finalised shortly.”

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