Insurance industry welcomes Finance Ministry’s reform proposals, including raising FDI limit to 100%, seeking stakeholder feedback for amendments.
The domestic insurance industry has hailed the Finance Ministry ‘s latest reformist proposals on amendments to the Insurance Act 1938 like increasing the foreign direct investment (FDI) limit to 100 per cent from the current 74 per cent. Currently, in the insurance sector, Parliament nod is necessary for any hike in FDI limit in view […]