Pension reforms: PFRDA plans NPS fund-of-funds; will new AIF framework boost long-term capital flow?

The PFRDA is establishing a dedicated NPS fund-of-funds platform to invest pension money into selected alternative investment funds (AIFs). This initiative aims to position pension assets as a stable source of long-term capital for India’s private markets. The regulator has clarified classifications and strengthened governance for alternate assets, enabling pension funds to invest confidently.

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Temba Bavuma hints at on-field issues that led to Shukri Conrad’s ‘grovel’ jibe

South African coach Shukri Conrad’s remark about making India ‘grovel’ sparked debate due to its historical racial connotations. Captain Temba Bavuma acknowledged series intensity and potential provocations, suggesting his coach’s comment might have stemmed from such instances. Bavuma defended Conrad’s experience, indicating he would address the statement further.

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