100% FDI fillip for insurance, but firms must invest in India
New Delhi, Feb. 2 -- Union finance minister Nirmala Sitharaman on Saturday announced the government's plan to allow 100% foreign direct investment (FDI) in the insurance sector, up from the current 74% , on the condition that foreign firms would invest the entire premium collected in India, a move that experts said would make additional funds available to Indian infrastructure projects....
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