MoF increases FDI sectoral cap from 49% to 74% in insurance sector under automatic route

The Ministry of Finance has notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2021 wherein the sectoral cap of FDI under from existing 49% to 74 % has been revised in insurance sector up to 74 % under Automatic route.The Ministry of Finance has notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2021 wherein the sectoral cap of FDI under from existing 49% to 74 % has been revised in insurance sector up to 74 % under Automatic route.taxmann.com Latest Statutory HappeningsRead More

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