Indian assets up 7%

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INDIA - The Employee's Provident Fund Organisation (EPFO) announced a 7% increase in assets in the nine months to the end of 2006, totalling R967.7bn (US$23.4bn).

A spokesman for India’s largest fund whose members numbered almost 43 million in 2006, said the fund had benefited from increasing levels of employment by steel makers to meet industry needs. In...

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