Explanation:

• The Government has increased the foreign direct investment (FDI) limit in pension fund management (PFM) to 74% from the present 49% under the national pension system (NPS).
• For this, an amendment has been made to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 to rename PFRDA (National Pension System Trust) Regulations 2015 as PFRDA Regulation 2021.