Five years after India increased the ceiling on overseas ownership in the insurance sector, finance minister Nirmala Sitharaman on Monday heralded bold reforms in a sector considered crucial for underpinning infrastructure financing. She raised the headroom on foreign holding to 74 per cent in one go, potentially multiplying fund-raising avenues in a long-gestation industry that needs as much capital as is available.
Nine big financial changes that you must watch out for in October
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