Categories: Business

100% FDI allowed in insurance sector under automatic route, inflows for LIC capped at 20%

The central government has announced 100% Foreign Direct Investment (FDI) in insurance companies via the automatic route, enabling full foreign ownership. This move, aligning with the Sabka Bima Sabki Raksha Act, 2025, aims to boost foreign participation, with IRDAI approval required. LIC remains an exception with a 20% FDI limit.

The News Vista

Leave a Comment
Share
Published by
The News Vista
4 months ago

Recent Posts

Deepti Sharma scripts history! Stunning 3/0 makes her world’s top T20I wicket-taker

Deepti Sharma has made history by becoming the leading wicket-taker in Women's T20I cricket, demonstrating…

1 hour ago

KPSC veterinary recruitment scam: CID detains political party functionary in Delhi

The CID's inquiry into the veterinary officer recruitment scam is gaining momentum as Detained in…

1 hour ago

Army aviation pilots pull off daring high-altitude helicopter rescue at 18,600ft in Ladakh

In a remarkable display of bravery, Indian Army Aviation pilots executed a complicated high-casualty evacuation…

2 hours ago

Asia Cup: Shafali, Deepti help India seal convincing 94-run win over Thailand

India kicked off their Women's T20 Asia Cup with an impressive 94-run triumph against Thailand.…

2 hours ago

Russia strike on Kyiv ammunition depot kills 38 in year’s deadliest attack as Zelenskyy blames officials

A devastating drone strike on an ammunition depot near Kyiv resulted in the tragic loss…

2 hours ago

2nd Test: England thrash Pakistan by 194 runs at Lord’s to take 2-0 series lead

England celebrated a spectacular 194-run victory over Pakistan at Lord's, clinching a commanding 2-0 lead…

2 hours ago