Centre has proposed to increase FDI cap in insurance sector to which percent in the Union Budget 2021?
Centre has proposed to increase FDI cap in insurance sector to which percent in the Union Budget 2021?
A. 54%
B. 64%
C. 74%
D. 84%
Explanation:
A key take away from the Union Budget 2021 is that the Centre has proposed to increase FDI cap in insurance sector to 74%. Presenting the Budget, Finance Minister Nirmala Sitharaman, announced that the government will amend the Insurance Act, 1938 to increase the permissible FDI limit from 49% to 74%.