News & Media 2nd Dec 2024
The government’s proposal to overhaul its insurance laws, including raising the cap on foreign direct investment (FDI) to 100 per cent, has sparked optimism and unease. In a draft amendment to the Insurance Act of 1938, the finance ministry aims to encourage competition, simplify regulatory processes and expand the market to underserved areas.
To encapsulate on this, Suryamurthy R from The Telegraph writes on “Unease over government’s proposal to raise cap on foreign direct investment to 100 per cent” with insights from our Partner Yashojit Mitra.
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