FDI for Pension funds.....

In a move that is aimed at signalling the UPA government's intent to aggressively push the reform agenda, the Cabinet on 3 December 2009 clear the Pension Fund Regulatory & Development Authority Bill that seeks to bring foreign direct investment (FDI) into the sector. The Bill proposes to allow foreign players to hold up to 26% stake in Indian pension fund companies. It would also permit pension funds to deploy part of
their corpus abroad in approved instruments.