Respecte
P CHIDAMBARAM
Subject:
High Rate of Interest on PF
Esteemed Sir,
It is my submission that high rate of interest could be given to PF contributors if it is linked to the contributors' acceptance for investment of PF contributions in the stock market. For the opponents of such move, it may be decided that such corpus of contributions would be handed over to SBI Mutual Fund for investment in the stock market. SBI mutual Fund may be asked to undertake for a minimum level of returns to PF organisations. It will satisfy the demand of employees for high rate of interest and make the PF organisations rich along with boosti to the stock markets.
Yours Sincerely,
R.K.Ahooja
India
2007-02-23
Budget 2006