Wednesday, 10 December 2014

Rajya Sabha Select Committee submits reports on Insurance Bill

The Rajya Sabha Select Committee submitted its report on the Insurance Bill, according to reports.
The report has recommended a composite cap of 49% on foreign investment in insurance. 
Finance Minister Arun Jaitley had said in his budget speech in July that the "composite cap" in the insurance sector should be increased to 49% from the current level of 26%

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