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FM to consider insurance funding without raising FDI cap

GS Sandhu said one option could be to raise the FDI limit in various insurance segments in a phased manner

May 30, 2014 9:13 IST | India Infoline News Service
Financial Services Secretary GS Sandhu said that the government is considering options through private insurers can be allowed to raise more funds without increasing FDI (foreign direct investment) in the sector to 49%, according to a media report.
Sandhu met Finance Minister Arun Jaitley on Thursday to discuss issues related to the banking and insurance sector.
Sandhu said one option could be to raise the FDI limit in various insurance segments in a phased manner.
The ruling Bharatiya Janata Party is opposed to raising the FDI cap in the insurance sector from 26 per cent to 49 per cent.

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