The Finance ministry has proposed to allow retirement and gratuity funds in the EPFO to be invested in the money market to the extend of 5 % of its Rs. 5 lakh crore funds.
So far due to the strong opposition of the trade unions, the UPA government could not implement such a line. Now the NDA government has proposed the above. The Central TUs have strongly protested the move.
What is the guarantee for the funds put in open market. Nothing. And the hard earned money of the workers will be lost as happened in US and other capitalist countries.
NO! THIS CAN NOT BE ALLOWED.