Govt may hike FDI limit in pension sector, Bill likely in Monsoon session
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The Indian government is considering raising the foreign direct investment (FDI) limit in the pension sector to 100%, aligning it with the insurance sector. A Bill for this amendment is expected in the upcoming Monsoon or Winter session. Currently, the FDI cap in the pension fund is 49%. The amendment may also propose separating the NPS Trust from the PFRDA, establishing it as a charitable trust or under the Companies Act. This move aims to enhance the management of the National Pension System (NPS) and address the rising pension liabilities.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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