In less than two months, the government has shot itself in the foot on the employees' provident fund or EPF issue. It had announced three changes - all ill-thought-out - and had to back off after huge protests. One of the measures had even led to riots. Regarding another, it had to withdraw changes to the Budget within days of its presentation without being able to wait for the customary discussions that take place post-presentation and before its passing by Parliament.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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