EPFO jitters
A number of equity evangelists are having second thoughts on EPFO (Employees' Provident Fund Organisation) liberalisation. The reason? Recent news items suggesting money would be allocated to public sector companies. Many are perceived to be poorly run because of government interference, and any allocations are seen to be a case of throwing good money after bad. If the government does press through, it could expect to hear uncharitable things from market mavens, too, in addition to the trade unions.
Also Read
Sebi's annual report to get jazzier
The Securities and Exchange Board of India (Sebi) is likely to present a contemporary annual report this financial year. The capital market regulator plans to seek external help to revamp its annual report to make it in line with some of the international peers. Sebi, which prescribes disclosure requirements to listed companies, is leading by example.