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ARTICLE · 02 NOVEMBER 2012

Foreign Investment In India — Pension Sector

Global Jurix, Advocates & Solicitors
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The Indian government in continuation of its economic reforms decision has proposed the foreign direct investment ("FDI") to the extent of 49% in insurance sector besides opening the pension sector for FDI on par with the insurance sector.

IndiaGovernment, Public Sector
Hemant Goyal
Hemant Goyal

Article by Hemant Goyal & Jitender Jain1

1. The Indian government in continuation of its economic reforms decision has proposed the foreign direct investment ("FDI") to the extent of 49% in insurance sector besides opening the pension sector for FDI on par with the insurance sector2. The Pension Fund Regulatory and Development Authority Bill 2011 ("PFRDA Bill") to implement this decision will be moved in the next (winter) session of the Parliament. The decision to opening the pension sector for FDI is widely welcomed by the business associations like FICCI, ASSOCHAM and CII. It is expected that PFRDA Bill will become a law in next session of Parliament.

2. SALIENT FEATURES OF PFRDA BILL: The salient features of PFRDA Bill are as under:

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