The committee will discuss ways to make EPFO more fruitful for the working class—both organized and unorganized
The parliamentary committee on labour is set to scrutinize the ₹10 trillion corpus under the Employees’ Provident Fund Organisation (EPFO) and the performance of the fund management, including its investment decisions.
This is the first issue the committee is taking up since its reconstitution last month. At its meeting on Wednesday, the committee also plans to look at ways to make EPFO more fruitful for the working class both organized and unorganized, said three people with knowledge of the move.
“There has been no scrutiny of the EPFO and the fund management of the corpus of ₹10 trillion in the past one year. Since fund managers have now started investments in the stock markets, we want to assess the performance of these schemes,” said the first person aware of the matter.
Source: livemint
