Much pressure is being put by India Inc on the government of India to put the Employees Provident Fund (EPF) deposits in the private equities. Big business wants this huge funds to be made available for them to use in the stock market. The Pension Fund Regulatory & Development Authority (PFRDA) bill presented in the Parliament is proposing the same. The government is toying the line of the India Inc.

The workers are completely against this and have expressed their strong protest. But that will not be sufficient. A big movement involving the entire working class is required to defend and protect their hard earned savings. The promise of better benefit by putting the pension corpus in the private hands is nothing but sugar coated bitter poison.