- The Finance Ministry is looking at some other instrument (to permit private companies to raise funds) without hiking the foreign direct investment(FDI) cap in the sector to 49 %.
- Financial Services Secretary G. S. Sandhu made a presentation to Finance Minister Arun Jaitley on issues related to the banking and insurance sector.
- Sadhu also mentioned that they are to examine a few issues on what are the other options available to attract capital.
- Read at :http://www.thehindu.com/
todays-paper/tp-business/ finance-ministry-looking-at- insurance-funding-without- raising-fdi-cap/ article6063868.ece
Exams Perspective:
- FDI
- FII
- Banking Reforms in India
- Capital Market