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FDI limit to get increase with new bill

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Approximately all the major and minor epic of insurance has become one of the most noted subject matter of life in today’s world. According to the sources of www.propertykhazana.com looking to its depth a few modifications is on the card of the Insurance Amendment Bill by the Empowered Group of Ministers. A relaxation of norms to the various insurance companies with ten years of operational record is rumored inside the insurance circuit and is might get effected soon. To get into this list the insurance company is suppose to get through the profitability criteria of at least three years consecutively. Source of www.propertykhazana.com also reveals that another profitable change is implemented on the rise of the Foreign Direct Investment to 49 percent which was just 26 percent earlier.
After the news of these modification a huge comments were flooded at the discussion board of various electronic media of the country. According to the MD of ICICI prudential Life Insurance - Shikha Sharma, all the dedicated companies of life insurance should get listed with in span of ten years of the service. And also feels that the new amendment will sort the misunderstanding in the shareholding too. Also there are many repulsive views who are not in support of the listing the insurance companies. Chairman of Bajaj Auto Rahul Bajaj is one of those standing against the listing and feels the reduction of stake to 26 percent is not an appropriate measure to uplift the insurance industry.
Source: NBTVLIVE

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