The Hindu Business Line : EPF needs reform

The fact that the Minister-in-charge of the EPFO cannot decide on ways to fill the Rs 927-crore financial gap between earnings and payment, after the Prime Minister announced an interest of 9.5 per cent payable on all EPF deposits for the current financial year, is a sure sign that the EPFO needs reform. Especially so at a time when it is changing its investment policy. The Prime Minister needs to intervene and ensure that reforms are introduced.

A. Jacob Sahayam

Thiruvananthapuram

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