The Pension Fund Regulatory and Development Authority (PFRDA) has sought income tax exemption for the New Pension Scheme at par with other schemes like Public Provident Fund (PPF).
India's short-term overdraft facility with the Reserve Bank of India was in surplus at Rs 120 billion and the government will not borrow funds from the market in the fiscal year ending March 31, a finance ministry official said.\n\n
The notes argue that it will widen the talent base available to govt to deliver increasingly complex services to a demanding population.
The sudden exit of Yogesh Agarwal as the chairman of the Pension Fund Regulatory and Development Authority, or PFRDA, has once again brought the relationship between financial sector regulators and the finance ministry into sharp focus.
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