Pension bill sell the idea
The pension bill is one good news after a long time. To set its fiscal house in order, India moved away from a “defined benefit” to a “defined contribution” regime for individuals who join the government on or after January 1, 2004. Passing of the Pension Fund Regulatory and Development Authority (PFRDA) Bill will give statutory backing to the regulator. Not only that, this small step does the rather big job of removing the blemishes of the government, accused of bringing policy reforms to a standstill.
Read Full Story>>