Introduction
That more and more FDIs can be infused into the Insurance sector, the Rajya Sabha permitted 74% FDIs in this sector on 18th March 2021. Previously the FDI limit was 49%. Permitting this investment in this sector means giving a foreign company the right to appoint a majority of directors and control the management system. It will directly influence the policy decision making of this sector.
Background
In the year 2000, India for the first time opened up….. (to read the full article, kindly subscribe the course.)