Indian Government Considers Increasing FDI Limit in Pension Sector to Attract Foreign Capital

Pension News: The Modi government at the Centre is planning a big gamble with regard to your and our pensions. To attract foreign capital, the government is seriously considering increasing the current limit of FDI in the pension sector. To legalize this change, the central government is likely to introduce a new bill in the monsoon session. In such a situation, if the revised bill is presented in the upcoming monsoon session, the increased investment is expected to bring more competition, improved technology and new schemes in the pension sector, which will ultimately benefit the consumers. Last year, the central government had increased the limit of foreign investment in the insurance sector from 74% to 100%, now the government's plan to move in the same direction in the pension sector आहे.अडखळत, Ola Electric has caught pace; increased from Rs 22 to Rs 40, doubled in a month. To increase the limit of 49% FDI in the pension sector, the government can amend the PFRDA Act, 2013.