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FDI in pension likely to be 26 p.c.
Special Correspondent
NEW DELHI:
The Government is likely to peg foreign direct investment in the pension sector at 26 per cent initially while allowing six players including at least one public sector undertaking to operate as pension fund managers (PFMs).
An indication in this regard came when the interim Pension Fund Regulatory and Development Authority Chairman, D. Swarup, responding to queries from media persons on the sidelines of a seminar, organised by the Associated Chambers of Commerce and Industry of India, observed that FDI might be initially pegged at 26 per cent for the pension sector as in the case of the insurance sector. However, it was for the Government to decide and notify it.
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