First point: If the fund will be used for infrastructure development, how will it grow? Can someone explain?
Next: If you allow politicians to play with the fund, they will surely use some amount from it on the name of "operation charges/maintenance charges/etc", and eat away a thick amount from it.
Last: Best way is to remove EPF. Keep PF complesory. But make it completely PPF. Allow nationalized banks to keep the PPF accounts. Employer's portion should be credited to employee's PPF account. And employee should be given the freedom to invest his PPF amount to stocks.
RE:How would it work?
by RAGHUL J SINGH on Feb 08, 2007 01:29 PM Permalink
Hi Nimit Solanki,
Thanks for your comment.I agree with u that if we allow politicians they will surely eat our money.I Also agree with u that PF should be compulsory and should be credited PPF and employee should be given the freedom to invest his PPF amount in stocks.
