PF is meant for old age. It's individual hardwork for there entire life of career. Govt has not rights/permission to touch PF. What if markets goes down, do we get that money back or Govt will give us.
Every Indian is bound to pay Income Tax, Road Tax, VAT for all we buy,there are so many ways where the Govt is making money & now why there eyes are on PF.
RE:No, PF should not be touched
by on Jan 25, 2007 11:41 AM Permalink
First of all, employees should have the option to choose and it should be have funds like, 100% debt option, 90% debt-10% equity, the way ULIP schemes do and to be managed by professional, not by politicial. And for those, who thinks, current returns are guranteed. It is because, when I deposit my money in PF/PPF, that money is used to pay the person, who withdraws. If govt has to give assure return of 8-9%, then we'll be in the age again, when we used to borrow from IMF.
