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Tuesday, 30 May 2017

EPFO gives nod to hike in stock investment to 15 per cent


The Employees Provident Fund Organisation has approved hike in investment limit in exchange traded funds (ETFs) to 15%, from the existing 10%, Union Labour Minister Bandaru Dattatreya stated it. 

The decision was taken during the meeting of the Central Board of Trustees (CBT). In 2016, the investment was raised to 10%. 

Static Takeaways for Dena Bank PO-
  • EPFO came into existence under the pormulgation of the Employee's Provident Fund Ordinance on the 15th November,1951. 
  • It was replaced by the Employee's Provident Fund Act, 1952.
Source- The Hindu

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