The government on Wednesday approved amendments to the PFRDA Bill 2011 while agreeing to the proposed 26 per cent foreign investment in the pension sector but refrained from providing assured returns

Greece, India, China and Thailand are home to the weakest national pension systems in the world, crippled by a mix of acute sovereign debt, young retirement ages, high ratios of pensioners to workers

The government on Monday approved a Rs 1,000 per annum pension assistance to unorganised sector workers to inculcate the habit of savings among this population of over 300 million.

Under the 'Swaval