India regulator to be functional by December

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INDIA - The Indian Government has decided to kick-start the pension reforms and plans have been finalised to establish the pension regulatory authority - Pension Funds Regulatory and Development Authority (PFRDA) - by the end of this year.

U. K. Sinha, joint secretary in the Union Finance Ministry, said the Government might relax the minimum number of licences for pension funds from the proposed six. The minimum number of players ...

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