Norms Archives - Pinfaves

PFRDA raises NPS equity investment cap under ‘active’ choice, relaxes withdrawal norms

May 3, 2018 Loknath DasActive, cap, choice, equity, investment, Norms, NPS, PFRDA, raises, relaxes, Under, withdrawal

You will soon be able to opt for higher equity investment under the National Pension System’s (NPS) ‘active’ choice. The Pension Fund Regulatory and Development Authority (PFRDA) board of directors has approved increasing cap on equity investment in ‘active’ choice to 75% from current 50% for Private Sector Subscribers. Presently there is a cap of 50% on equity investment under active choice in NPS. A release issued by the PFRDA says that the increase in equity cap comes with a clause of tapering of the equity allocation after the age…

Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

April 11, 2016 SrijitaExemption, From, In, India, Local, Mi, Norms, Seeks, Sourcing, Stores, Xiaomi

Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India. “The company has sought permission from the Department of Industrial Policy and Promotion (DIPP)for opening single brand retail trading (SBRT) in India. They also want exemption from the mandatory local sourcing norms,” sources said. When contacted about the matter, the company said: “We have filed an application for SBRT but would be unable to share more details as it is still at a nascent stage.”…