The Employees Provident Fund Organisation (EPFO) has selected four private fund managers, along with SBI, to manage its corpus fund. But its high time that the interest rate of 8.5%, which employees are earning on their PF savings, was hiked in tune with the general rise in interest rates and inflationary trends. Managing a portion of PF by private players is expected to put the Union government and EPFO in a better position to hike the PF interest rate. Further, the government would do well to amend the PF laws to make provident funds mandatory for more employers.
N Vijayagopalan, Bangalore
Its regrettable that the WTO ministerial on the Doha Round has failed. But rich nations, particularly the US, should not be allowed to subsidise its farmers through the backdoor.
J Anand Menon, Kochi