EPFO may fund startups
The EPFO should note that it is a custodian of the money which people who are saving for the retirement. You are not supposed to behave like a financier to fund startups. more
Viewed by 435
Vijay Agarwal EPFO funds returns Social security of employees is always inadequate to meet all requirements. Firstly longevity of life is not known & funds accumulated are limited one. Firstly , contributions towards Social security should not be restricted & higher limits be allowed under Income Tax laws. Further, inflation is increasing & reduction of interest rates on savings are lowering available funds to retired. Thus problems for retired are increasing & also effecting psychology of such persons. It is necessary that return is higher than inflation for certain satisfaction otherwise consumption habits develop for current consumption as & when earning to reduce savings towards retirement needs. This increases the burden on state to meet with the requirements of those in need without means. more
Aug 17
Epfo is not a bank, should deposit where a guaranteed income is, because the amount with epfo is contribution of all employees, the contributed actual amount should not reduced to contribution and by adding the interest it should increase but should not decrease because the employees are all depended on interest income only after retirement because there is no sufficient pension to meet the expenses, that's why, thanks please. more
Aug 17
It should be subjected to some cap, say 2% or 5% (regulatory bodies can decide). Money does not grow on its own. It needs to be invested. A bank pays you interests because it lends to others at a higher interest rate. Startup financing is riskier but also very rewarding. Even if 9 investments fail, one single success can more than offset the losses. more
Aug 17
