India focus: Ordinance route to FDI hike
Source: Asia Insurance Review | Feb 2015
The long awaited increase in FDI in the insurance industry from 26% to 49% has finally happened. The Insurance Laws (Amendment) Ordinance 2014 was promulgated by the President of India on 26 December 2014. The Ordinance is expected to help companies raise capital through new and innovative instruments, besides promoting economic growth and job creation.
By Jimmy John, AIR correspondent, South Asia
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