Insurance FDI cap hike sees inflow in Joint Ventures; $1billion likely in 2016
The long pending demand of insurance players for raising the FDI cap to 49 percent was fulfilled this year leading to greater flow of foreign funds into India's private JVs and the move is expected to further attract over Rs 6,000 crore into the sector during 2016.
Dec 30, 2015, 13:07 PM IST