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Sep 04, 2014
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Corporate bonds set to ride on increase in EPFO inflows; expect rise in demand
Prime Minister Narendra Modi's acche din may soon reflect in the corporate bond market with higher demand, increasing liquidity and falling yields. The labour ministry has more than doubled the wage ceiling to Rs 15,000 a month for contribution to the Employees' Provident Fund Organisation (EPFO), which now expects up to 30% rise in its monthly fund inflows by March next year.EPFO is India's largest debt investor with Rs 5,000 crore investible collections every month.
Source -
http://www.samachar.com
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