Ministry of Commerce and Industry (DIPP), on 23rd March, 2016 vide press note no. 2 (2016 series) has liberalized in Foreign Direct Investment Policy (FDI) on Pension sector. Accordingly, paragraph 126.96.36.199 bis. of ‘ Consolidated FDI Policy Circular 2015’, effective from 12.05.2015.
The said press note appended at the following link: FDI Press Note 2_2016