News Regulations20 Apr 2021

India:Bill proposing 74% cap on FDI in insurers approved by lawmakers

20 Apr 2021

Both houses of Parliament of India - the Lok Sabha (lower house) and the Rajya Sabha (upper house) - have passed the Insurance Amendment Bill which includes a provision to increase the ceiling on foreign direct investment (FDI) in insurance companies to 74% from the current 49%.

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