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of <h1>India Allows Up to 49% Foreign Direct Investment in Pension Sector with New FDI Policy Amendments.</h1> The Government of India has amended the Consolidated FDI Policy Circular of 2014 to allow Foreign Direct Investment (FDI) in the Pension Sector. The new policy permits FDI up to 49%, with automatic approval for investments up to 26% and government approval required for investments beyond 26% up to 49%. Foreign investments must comply with the Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013, and require registration with the PFRDA. Any transfer of control or ownership to foreign investors necessitates approval from the Foreign Investment Promotion Board (FIPB) and consultation with relevant authorities. This policy is effective immediately.
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