The government may hike Foreign Direct Investment limit in the pension sector to 74% and a Bill in this regard is expected to come in the next Parliament session. Currently, the FDI in the pension fund is capped at 49%.
Parliament has recently approved a Bill to increase FDI limit in the insurance sector from 49% to 74%. Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise FDI limit in the pension sector may come in the monsoon session or winter session depending on various approvals.
