The Hindu : Automatic route for insurance FDI

Online edition of India's National Newspaper
Friday, October 20, 2000

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National \| Previous \| Next Automatic route for insurance FDI By Our Special Correspondent NEW DELHI, OCT. 19. The Government has shifted foreign direct investment in insurance to the automatic route. The foreign equity cap will remain at 26 per cent. The decision was taken following discussions between the Commerce and Industry Minister, Mr. Murasoli Maran, and the Finance Minister, Mr. Yashwant Sinha, earlier today. With this move, approval of the Foreign Investment Promotion Board will no longer be needed for entry of foreign equity up to 26 per cent in the insurance sector. Send this article to Friends by E-Mail
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Copyrights © 2000 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu

Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Entertainment \| Miscellaneous \| Features \| Classifieds \| Employment \| Index \| Home

National \| Previous \| Next Automatic route for insurance FDI By Our Special Correspondent NEW DELHI, OCT. 19. The Government has shifted foreign direct investment in insurance to the automatic route. The foreign equity cap will remain at 26 per cent. The decision was taken following discussions between the Commerce and Industry Minister, Mr. Murasoli Maran, and the Finance Minister, Mr. Yashwant Sinha, earlier today. With this move, approval of the Foreign Investment Promotion Board will no longer be needed for entry of foreign equity up to 26 per cent in the insurance sector. Send this article to Friends by E-Mail
Section : National Previous : Advani meets Vajpayee Next : Free sale sugar
Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Entertainment \| Miscellaneous \| Features \| Classifieds \| Employment \| Index \| Home
Copyrights © 2000 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu