The Labour Ministry has directed the EPF Organisation to invest up to 5% of the EPF corpus in the stock market in this financial year 2015-16. The EPFO is having a fund corpus of about lakhs of crores of rupees. In 2015-16 alone it is expected that the deposit will be around Rupees one lakh crore.
Investing in stock market is risky, since there can be up and down. The Central Trade Unions have been strongly opposing investing in stock market due to this risk. But the BJP led government is determined to put the fund at the disposal of the corporates, which had liberally donated to its election funds.
Strong protest should come from the trade unions against this anti-worker decision.