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Home»NEWS»Government may increase FDI limit by 74% in pension sector, expect bill to come in monsoon session
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Government may increase FDI limit by 74% in pension sector, expect bill to come in monsoon session

Bhagyashree SoniBy Bhagyashree SoniApril 11, 2021No Comments2 Mins Read
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Government may increase FDI limit by 74% in pension sector, expect bill to come in monsoon session
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FDI in Pension Sector: Last month, the government approved a bill in Parliament to raise the FDI limit to 49 per cent to 74 per cent in the insurance sector.

Possibility of bill coming in monsoon session

The government may raise the limit of Foreign Direct Investment (FDI) in the pension sector to 74 percent. A bill in this regard is expected to come in the next Parliament session. Sources have given this information. Last month, the government approved a bill in Parliament to raise the FDI limit to 49 per cent to 74 per cent in the insurance sector. The Insurance Act, 1938 was last amended in 2015, raising the FDI limit to 49 per cent. Foreign capital inflows have been Rs 26,000 crore in the last 5 years due to the increase in FDI limit.

The demand for raising the FDI limit in the pension sector by amending the Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 may be based on various approvals in the monsoon session or winter session, the sources said. Currently FDI in the pension fund is 49 per cent. Sources said that the amendment bill may include the separation of NPS Trust from PFRDA.

He said, the power, function and duty of the NPS Trust, which is currently subject to the PFRDA (National Pension System Trust) Regulations 2015, can come under a Charitable Trust or Companies Act. The motive behind this is to keep the NPS Trust separate from the pension regulator and manage the board by 15 members.

read this also- With this policy of LIC, you can get up to 26 thousand pension every month, know what is the scheme and how to invest

read this also- Railway starts additional special trains for Bihar, booking of tickets starts today, know schedule and time table

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Bhagyashree Soni
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Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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