The Central Board of Trustees, the apex decision making body of the Employees Provident Fund Organisation (EPFO), however, allowed the organisation to invest funds in corporate bonds of joint venture companies where government holding is at least 26 per cent, an official spokesman said.
The CBT meeting, which was chaired by Labour and Employment Minister Mallikarjun Kharge, also cleared the proposal for raising insurance benefit under Employees Deposit Linked Insurance scheme from Rs 60,000 to Rs one lakh.
To know more pl. read ..EPFO..
EPFO-defers-decision-on-PF-interest-rate-for-2010-11
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