Indian government increases FDI limit to 49%

The Indian government has announced that it will increase the
automatic limit for foreign direct investment (FDI) in insurance
companies to 49 percent from 26 percent.
The move will ease trading conditions for foreign insurers in
the country, and ensures they will not require the Foreign
Investment Promotion Board to approve increases in stakes.
Finance minister Arun Jaitley announced the changes in his third
Union Budget this morning (29 February).
However, the existing guidelines on Indian man