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International

India: Opposition may allow raising foreign investment limit in insurance sector

March 03, 2014 Reprints

The Bharatiya Janata Party, an Indian political party, will consider allowing more foreign investment into India's over $45 billion insurance business if it comes to power after elections due by May 2014, a senior party leader said.

The ruling Congress government has been seeking parliament's approval to enhance the foreign investment cap from the current level of 26% to 49%, Reuters reported.

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India: Opposition may allow raising foreign investment limit in insurance sector

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