PFRDA to initiate measures to boost flow of funds into infrastructure sector
In a recently-issued statement, RV Verma – the officiating Chairman of pension regulator PFRDA – said that requisite steps will soon be taken by PFRDA to increase the flow of funds into the infrastructure sector.
According to the details shared by Verma, PFRDA – Pension Fund Regulatory and Development Authority – is presently working on plans to ensure that pension funds are channelled into infrastructure bonds floated by organizations like housing finance institutions.
Pointing out that the flow of pension funds into infrastructure has already commenced, Verma said that the PFRDA will essentially try to undertake measures to expand the quantum of pension-fund flows so that infrastructure can be given a much-needed boost.
In addition, Verma also said that the existing investment guidelines for pension funds will also be reviewed by PFRDA in the coming days.
Meanwhile, in accordance with a recent order by the Delhi High Court, a review of the bids which the PFRDA has received for selection of pension fund managers for the private sector National Pension System (NPS) has already begun.
As a result, in the wake of the Delhi High Court order, the PFRDA will not call for any fresh bids in its process for selecting pension fund managers for private sector NPS.
Source – The Hindu Business Line
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