India

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INDIA - India's government has presented proposals in parliament that seek to give statutory power to the country's pension regulator, while omitting any mention of allowing foreign investment in the provision of old-age income.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.

ASIA - Allianz Global Investors has signaled further expansion into Asia's pension market as a key medium-term objective.

INDIA - A new scheme catering for workers in India's unorganised sector is looking for micro-finance loan providers to help members make their first contributions.

INDIA - Canadian, European pension funds may invest in road projects in India attracted by the higher yields than the U.S. after the nation lifted the cap on foreign investment in bonds to lure capital for infrastructure projects.

INDIA/CANADA - The Canada Pension Plan Investment Board (CPPIB) has made its first investment in an India-focused private equity fund.

INDIA/US - Indian investment bank Religare Enterprises has announced a US$1bn commitment to make "strategic investments" in asset management businesses worldwide and has started by acquiring a stake in a US private equity firm.

Joseph Mariathasan explains how following a series of delays, India is set to launch its National Pension Scheme