Ministry hoping parliament to permit 49 percent foreign investment in Insurance sector
Defence Minister Arun Jaitley. (Photo: AFP/File)
New Delhi: Finance Minister Arun Jaitley expressed hope on Tuesday that parliament would give its approval to the amendments to the Insurance Act, permitting 49 percent foreign investment, by end December.
Prime Minister Narendra Modi's plans to push through insurance reforms were blocked last month by the opposition in parliament and the government had to agree to send the bill for consideration by a parliamentary panel.
( Source : reuters )
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