Posted inIndiaSouth Asia

Indian infrastructure group’s crisis may hit pensions

The crisis afflicting Infrastructure Leasing & Financial Services (IL&FS) – an infrastructure conglomerate and group companies – is expected to take a toll on retirement benefits for middle-class citizens. The pension and provident funds for thousands of salaried workers are in danger as they have investments of up to 200 billion rupees in IL&FS. The funds […]