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Bill to create Pension Regulatory Authority cleared by Parliament

New Delhi, Sep 7: Parliament has cleared a Bill aimed at creating a social security architecture that channels savings of households into the financial sector.

The Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2013 that gives statutory backing to the Pension Fund Regulatory and Development Authority, was endorsed by 115-25 votes by the Rajya Sabha yesterday.

All the amendments moved by the Opposition were rejected.


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