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Cabinet may ease FDI norms in single-brand retail, insurance today

Aug 29, 2019 08:05 IST

  At it's Cabinet meet today, the government is expected to green -light relaxed norms in single-brand retail trade and insurance . News reports indicate the insurance sector could be opened by up to 74 per cent FDI,  bringing parity with the banking sector. However, while the current 49 per cent foreign investment limit through the automatic route in insurance is likely to be maintained, for insurance intermediaries 100 per cent FDI may be permitted. In her maiden budget earlier this year, the Finance Minister had hinted that the government would examine suggestions to open FDI in aviation, media and insurance. 

 

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