Panchkula/New Delhi, Sept. 10 -- The Centre has widened the debt investment options available under the investment framework for exempted provident fund establishments, permitting rupee-denominated bonds issued by four major international financial institutions, subject to a minimum outstanding maturity of three years.
The Ministry of Labour and Employment notified the change on September 9 by amending the investment pattern governing such provident fund investments.
Under the revised provision, rupee bonds having an outstanding maturity of at least three years and issued by the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), Asian Development Bank (ADB) and New Development Bank (NDB)...