(a) the time when pension fund would be opened up to private
multinationals; and
(b) the likely impact of such privatisation of the sector
and particularly on increase in foreign equity?
(a) the time when pension fund would be opened up to private
multinationals; and
(b) the likely impact of such privatisation of the sector
and particularly on increase in foreign equity?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE( SHRI S.S. PALANIMANICKAM )
(a) & (b): The Government proposes to open up pension funds
to competing operators, including private operators. The
selection of pension funds would be done by the Pension Fund
Regulatory and Development Authority. No decision has been
taken regarding foreign equity participation in the pension
sector.