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The Centre has introduced fresh Pension Fund Regulatory and Development Authority (Employees' Service) Regulations in the country seeking different modes of recruitment and proportion of posts.
DPIIT notifies 20% FDI in LIC under automatic route
Sources said other minor enhancements in the existing FDI policy have also been carried out in order to provide an updated, consistent and easily comprehensible FDI framework.
New Delhi, Feb 26: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved a proposal to allow up to 20 per cent foreign direct investment (FDI) in Life Insurance Corporation (LIC), official sources said. As per the sources, up to 20 per cent of FDI will be allowed under automatic route in LIC. The move is expected to open doors for foreign investors to participate in the upcoming initial public offering (IPO) of LIC. Continuing with the […]
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved a proposal to allow up to 20 per cent foreign direct investment (FDI) in Life Insurance Corporation (LIC), official sources said.