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Indian parliament passes bill to raise FDI cap

Jenny Messenger 12 March 2015

A bill to raise the ownership limit on foreign direct investment (FDI) in India from 26 percent to 49 percent was today (12 March) passed by the upper house of India's parliament.

The new FDI cap could make the Indian insurance market more appealing to overseas interest, as well as insurers with existing joint venture arrangements.

Although the cap will be raised, an Indian insurer must still be "controlled" by Indian citizens.

The decision will enable Willis to go ahead...

You are currently viewing an incomplete version of this article. Our TV screens seem to be overwhelmed by solicitors imploring us to claim for any little mishap, there is obviously no such thing as an accident in this day and age. Somebody can be blamed and they must be made to pay!. Bearing this in mind, it would surely be a very brave (or perhaps foolish) owner of any business, be it big or small who decided that they didn't need public liability insurance. Click the link to get an answer to any questions that you might have on What Is Covered With Direct Line Tradesman Insurance?.If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.



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