EPFO drops proposal to raise equity investment limit to 20%

Retirement fund body EPFO on Saturday dropped at the last minute a proposal to hike investments in equities or equity-related instruments from the existing 15% to 20%. The proposal, which had met with resistance from employees' representatives and trade unions, was part of the agenda items scheduled to be taken up at the meeting of the EPFO's central board of trustees but was dropped without citing any reason.

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