It is my money . Cannot i directly invest in some good Mutual fund or any other fund. They the govt. just passing on the cap to each other and foooling us. Till DATE RATE of EPF not declared
thats the worst idea ive heard, the politicians now are eyeing poor peoples hardearned money, which if invested in infrastructure will fill the pockets of builders-politicians nexus & no development will be made & when the time comes for repayment they will announce bankruptcy, the same so called leaders live lavishly & are least interested in any development.
RE:Bad Bad idea
by PERLAVENKATA JAIGOPAL on Feb 08, 2007 03:24 PM Permalink
You are wrong. Govt is responsible and I never heard of Govt going bankrupt. Investing in infrastructure development is an good idea. We are very much behind in this sector. It will create so many jobs.... the list goes on.
The government can ask the poeple what type of investment he /she wants for say some locking period while it is deducting from at source . Also person should be allowed atleast twice a year to change the type of investment , I don't see any difference betn stock market investment and mf .
If the CPI is so much concerned about investing in infrastruture then they can suggest about investing into infrastucture funds of Mfs' which finally leads to investment in infrastructure at the same the time people's money gets invested in the markets where the possiblity of returns is much higher. they will not suggest that because it will rob them of the oppurtunity to make money for themselves through their varios benami builders.
it is better to give that money as loan to any state govdernments ..cause so many gov'ments are taking so much money from World bank..instead of this thay can try fr this Fund....i thin it logicallly some what diffcult...wht is ur options abt this ....
Whose money is it anyway, mine or yours, err... govtment's. Looks like I had the wrong notion all the time. It means there will be another issue to bitch the erstwhile govt. by the present govt. More money, more corruption, more sting operations..... Wow !!! oh, I am looking forward it. What's next ??? What a great idea !!!!
It is disgusting to note how far some people will go to sabotage good ideas. EPF contributions are meant to be returned to the people when they retire. Why rob them a chance to get a handsome amount to take care of their post-retirement life? If they are really keen to develop the infrastructure, they can do it by investing in infrastructure stocks.
