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India's Finance Minister announces potential 100% FDI cap increase in insurance sector.
Finance Minister Nirmala Sitharaman announced the Insurance Amendment Bill will likely be introduced in Parliament's upcoming Winter session.
If passed, the bill would raise the foreign direct investment (FDI) cap in India's insurance sector to 100% from the current 74%.
The bill aims to enhance policyholder interests, encourage more players in the market, and promote economic growth and job creation.
It also proposes amendments to key insurance acts.
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El Ministro de Finanzas de la India anuncia un aumento potencial del 100% del límite de IED en el sector de seguros.