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Post elections: FDI issue on hike in insurance back on track

The new administration under Narendra Modi is set to start reform process and restructure financial sector is being readied as a key area for him

May 20, 2014 4:15 IST | India Infoline News Service
The pending issue of raising the foreign direct investment limit in the insurance sector to 49% from 26% is back on the agenda of the new government, according to a media report.
The issue is expected to be taken up in government office later this month, the report added.
The new administration under Narendra Modi is set to start reform process and restructure financial sector is being readied as a key area for him.
Foreign investors are eargerly waiting the reforms path of the Modi government and the approval of the insurance bill should come as a major signal of the government's commitment.

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