EPFO defers decision on stock investment

 
The 188th meeting of the CBT could not take a decision whether 3-5 per cent of its Rs 2.57-lakh-crore corpus should be invested in equity options.

The Board could not decide on increasing the minimum wage limit to Rs 15,000 per month from Rs 6,500 for mandatory deduction in provident fund by employers.

“Since the members wanted a detailed discussion on various investments of the EPFO corpus, the matter of making investments in stock market, government-backed bonds and increasing the minimum wage limit for the purpose of provident fund have been postponed,” Labour Minister Mallikarjun Kharge said.

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