All India News | Stay Informed, Stay Ahead
"Employee's Provident Fund (EPF) has not invested in individual stocks. It has invested only 5 percent investible surplus in ETFs of Nifty and Sensex-based index. The total amount invested is Rs 6,577 crore as on March 31, 2016," Minister of State for Finance Jayant Sinha said in a written reply to the Lok Sabha.
Taxpayers and business houses are willing to take on the responsibilities of collecting and depositing tax and undertake necessary compliances. However, generation of artificial demand and treating honest and innocent taxpayers at par is certainly something that needs to be addressed by the government.