FDI reforms unpacked: Insurance and public sector banks | What's hot today
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In Lok Sabha Finance Minister Nirmala Sitharaman addressed concerns over the future of public sector insurance companies, highlighting the government’s focused reforms since 2014. She said capital infusion of ₹17,450 crore was made into three public sector general insurers to strengthen their balance sheets, resulting in LIC, GIC Re and AICIL reporting their highest-ever profits last year. The Finance Minister explained that FDI limits in insurance were gradually raised from 26% to 49% in 2015 a
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