News From Press Irdai okays 16 FDI proposals worth Rs 14,592 cr

Irdai okays 16 FDI proposals worth Rs 14,592 cr

Source: Business Standard/PTI May 4, 2016

Insurance regulator Irdai has approved as many as 16 proposals amounting to Rs 14,591.9 crore as foreign investment, Parliament was informed today.

"Post notification of the Insurance Laws (Amendment) Act, 2015, Irdai has approved 16 proposals amounting to Rs 14,591.89 crore as foreign investment in the insurance sector," Minister of State for Finance Jayant Sinha said in a written reply in the Rajya Sabha.

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