Wednesday, 19 February 2014

A Comment on CAG finding EPFO earned more but paid less to members

My Comment on an article  "CAG says EPFO earned more paid less to members in four fiscals" published in the Economic Times Dated 18/02/2014 at 10:44 pm.


"The figures are not clear. 

When interest earned is greater than amounts credited in respective years, then it must be a loss to the contributors. 

Whoever might have drawn their amounts during these years must have been paid less by way of interest. So such difference amount of interest should be paid to them now."

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