Speaking at the annual LOMALIMRA Strategic Issues Conference in Hong Kong, Chaturvedi says there would be no change to the regulations that now bar insurance companies from sending funds offshore.
The exposure to offshore investment will be the same as the rules for insurers at present, she says.
The PFRDA bill, which will establish a defined contribution system targeting the 320 million workers of IndiaÆs informal sector, is expected to be ratified by India's parliament by August, and at...
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