India's RBI advocates cautious pension reform

The Indian government needs to move cautiously before letting the private sector manage pension funds, a top central bank official said on Friday.

"Caution is advocated against instituting any large-scale changes in the pension system or regulatory changes without ensuring reforms in other areas," Reserve Bank of India deputy governor Y J Reddy told a seminar on pension reform. "The introduction of the private sector in managing funded pension should take into account not merely system of

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