Govt allows 100% FDI in insurance, amends FEMA rules
The amendment retains a differentiated structure for Life Insurance Corporation of India, where foreign investment continues to be capped at 20% under the automatic route.
The amendment retains a differentiated structure for Life Insurance Corporation of India, where foreign investment continues to be capped at 20% under the automatic route.
During the searches, unaccounted cash amounting to Rs. 1.39 crore, along with various incriminating documents in respect of foreign investment received by the alleged private company have been recovered and seized, the agency said.
