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India: Raising FDI limit in insurance sector back on government radar

May 20, 2014 - 6:00am

The issue about raising the foreign direct investment limit in the insurance sector from 26% to 49% is back on the radar of the new government administration under Narendra Modi, The Times of India reported.

Although previously Modi's Bharatiya Janata Party opposed this move, there is now a view that the government should signal its commitment to reforms.

The passage of the insurance bill would come as a major sign of the new administration's commitment, reports The Times of India.

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