New Delhi: The central government increased from 26 per cent to 49 per cent FDI proposal be approved. The Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi today approved the proposal to increase the FDI limit, while management retained control over the Indians. According to a senior government official in the region, through the Foreign Investment Promotion Board will be allowed to come FDI.
In the same month the General Budget presented by Finance Minister Arun Jaitley raise FDI cap in insurance to 49 per cent was proposed.CII Director General Chandrajit Banerjee welcomed the move, saying that the money will flow in this area as well as the long awaited economic situation will have far-reaching impact. Funds flow from design to distribution of insurance products in the area will innovation, technology risk management will be better and better. Confederation of the scope of the insurance sector customers and increase density.
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