Insurance Foreign ownership in parent companies should be brought down to 49 percent in a year: IRDA

Foreign ownership in parent companies should be brought down to 49 percent in a year: IRDA

Source: Economic Times Jun 24, 2015

New rules proposed by Indias insurance regulator could thwart investment plans of some of the worlds biggest insurance companies and work against the governments attempts to simplify laws on foreign ownership, industry executives say.

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