Govt. introduces wave of reforms in pension, insurance and ITI - October 4, 2012

The government has allowed FDI to increase from 26% to 49% in insurance and has allowed the cap in Pensions for FDI to be at 49%.

The government has allowed FDI to increase from 26% to 49% in insurance and has allowed the cap in Pensions for FDI to be at 49%. Chidambaram, the FM has said that insurance companies will remain in the Public Sector and that the companies will follow government policy. The government has also allowed for Rs. 130 crore to be paid as salaries to ITI.

Source: www.financialexpress.com, October 4, 2012. “Pension, insurance reforms unleashed”

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