PFRDA Bill passed in the Lok Sabha; Confederation protests and stages walkout

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The Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2011 as passed in the Lok Sabha today. The bill seeks to provide statutory powers to the pension fund regulator and will allow foreign investors to own as much as 26% in pension funds. The Confederation Of Central Government Employees & Workers conducted nationwide walkout and protest demonstrations  against PFRDA Bill when it was taken up in the Lok Sabha. (See the pictures) ...

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