These and other planned initiatives follow a directive by finance and corporate affairs minister Nirmala Sitharaman to take swift remedial measures amid complaints of delay in transfers, according to people familiar with the matter.
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.
Pension regulator PFRDA has revised investment rules, allowing private pension funds to invest in the top 250 market-cap stocks and gold/silver ETFs for better returns.
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