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