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Cabinet approves 26% FDI in pension sector, say sources

The limit will be part of the Pension Fund Regulatory and Development Authority bill that will be considered by parliament in the winter session.

FP Archives|Nov 16, 2011, 14:20:08 IST

[caption id="attachment_132521" align="alignleft" width="390" caption="Flickr/Creative Commons"][/caption]The cabinet has approved foreign direct investment of up to 26 percent in the pension sector, a government source told Reuters on Wednesday.The limit will be part of the Pension Fund Regulatory and Development Authority bill that will be considered by parliament in the winter session which starts next week.A parliament nod is needed to enact this into law.Reuters

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