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Government amends FEMA to enable FDI hike in insurance sector to 74%

Applications for FDI in pvt banks having JVs in insurance sector may be addressed to RBI for consideration in consultation with IRDAI to ensure foreign investment limit of 74% is not breached

Topics
FDI inflows | Fema

Nikunj Ohri  |  New Delhi 



FPI, foreign investments, investors, FDI, funding, growth, market

The government has amended the Foreign Exchange Management (non-debt instruments) Rules, 2019 to enable the increase in foreign direct investment limit in the insurance sector to 74 per cent.

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First Published: Fri, August 20 2021. 12:10 IST

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