Rajya Sabha passes bill to increase FDI in the insurance sector to 74%
The bill to increase the foreign direct investment limit in the insurance sector to 74 percent from the current 49 percent was approved by Rajya Sabha on Thursday. Responding to the debate on the Insurance Bill (Amendment) 2021, Finance Minister Nirmala Sitharaman said foreign investment would help long-term domestic resources to keep the country’s insurance …
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