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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>India Raises FDI Cap in Pension Sector to 49% via Automatic Route; Compliance with PFRDA Act Required.</h1> The Government of India has revised its Foreign Direct Investment (FDI) policy for the pension sector, increasing the FDI cap to 49% under the automatic route. Foreign investments in pension funds must adhere to the Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013, requiring registration and compliance with its rules. If foreign investment results in control or ownership changes, government approval is necessary, involving consultation with the Department of Financial Services and PFRDA. The responsibility for compliance lies with the Indian pension fund company receiving the investment. This policy change is effective immediately.