India, Feb. 1 -- Union Finance Minister Nirmala Sitharaman presented the Union Budget on Saturday when she informed that the FDI limit for the insurance sector will be raised from 74 to 100 per cent.

This enhanced limit will be available for those companies which invest the entire premium in India, she said.

The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified.

A forum for regulatory coordination and development of pension products will be set up, the Union Finance Minister stated.

To implement the earlier announcement on simplifying the KYC process, the revamped Central KYC Registry will be rolled out in 2025, Smt. Nirmala Sitharaman said. A streamlined system for periodic upd...