News From Press Insurance sees FDI flow of Rs 13,000 crore after amended law

Insurance sees FDI flow of Rs 13,000 crore after amended law

Source: The Economic Times May 26, 2016

Amid a lot of political drama, the Modi government had cleared the Insurance Law Amendment Bill, lifting foreign direct investment ceiling in insurance to 49% in March 2015, kick-starting economic reforms. With this, foreign direct investment of up to Rs 13,000 crore has come in to the insurance sector.

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