PARLIAMENTARY PANEL FAVOURS COMPOSITE FDI CAP OF 49% IN INSURANCE SECTOR

Published On: 01/10/2014

Practice Area: Insurance

Authors:

A parliamentary select committee, tasked to review the long-standing Insurance Amendment Bill, has recommended a composite limit of 49 per cent on foreign investment, that include foreign direct investment, foreign institutional investment and non-resident Indian investment, in the insurance sector compared with the current limit of 26 per cent.