Saturday, February 26, 2022

Cabinet gives nod for up to 20% FDI in LIC under auto mode

Certain changes and alignments under various provisions of the FDI policy have also been made to provide greater clarity through an updated, consistent and easily comprehensible framework for overseas investment in LIC. This was crucial as the existing policy doesn't have any specific provision for overseas investment in LIC, which is a statutory corporation established under the LIC Act, 1956.

from Economy-News-Economic Times https://ift.tt/helP8kN
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