{"id":99815,"date":"2022-04-19T12:45:19","date_gmt":"2022-04-19T07:15:19","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=99815"},"modified":"2022-09-19T14:18:25","modified_gmt":"2022-09-19T08:48:25","slug":"amends-fema-rules-to-allow-20-fdi-in-lic","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/amends-fema-rules-to-allow-20-fdi-in-lic\/","title":{"rendered":"Amends FEMA rules to allow 20% FDI in LIC"},"content":{"rendered":"\n<p>The government has&nbsp;amended the rules&nbsp;of the&nbsp;Foreign Exchange Management Act (FEMA)&nbsp;to open the way for&nbsp;up to 20% Foreign Direct Investment (FDI)&nbsp;in the&nbsp;Life Insurance Corporation of India (LIC).<\/p>\n\n\n\n<p>The government is also planning to dilute its stake in LIC through the Initial Public Offering (IPO).<\/p>\n\n\n\n<p>SEBI has also given approval to the draft papers and the insurer is in the process of filing a request for a proposal with changes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has&nbsp;amended the rules&nbsp;of the&nbsp;Foreign Exchange Management Act (FEMA)&nbsp;to open the way for&nbsp;up to 20% Foreign Direct Investment (FDI)&nbsp;in the&nbsp;Life Insurance Corporation of India (LIC). The government is also planning to dilute its stake in LIC through the Initial Public Offering (IPO). SEBI has also given approval to the draft papers and the insurer [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":99816,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3695],"tags":[4931,3902],"offerexpiration":[],"class_list":["post-99815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2022","tag-business-current-affairs","tag-foreign-exchange-management-act"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/99815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=99815"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/99815\/revisions"}],"predecessor-version":[{"id":99817,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/99815\/revisions\/99817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/99816"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=99815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=99815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=99815"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=99815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}