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FDI lion share in insurance sector, a threat for Indian economy

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Communist Party of India Member of Parliament Gurudas Dasgupta said to the www.propertykhazana.com that, “Govt.’s verdict to permit the percentage of the FDI in the insurance segment from up to 50-80% will strike the economy awkwardly. This move will capture the Indian insurance business by foreign players and there won’t be indemnity for the security and protection for the hard earned funds of the Indian customers.”
The hiked FDI share will make profits easier to the foreign investors and their profits will be the Indian customer’s deficits and also their chances will signify the country’s hiked coverage to the kind of risks they had purchased in their fiscal segment. In India, the impact of the US economic reduce was not considered in the banking and in insurance segments, as some of them were with Govt. because of the public force especially from the left parties.
As per to the sources saying @ the www.propertykhazana.com, if the Govt. do not overturn the move, then the Indian economy will experience the risk. He is also the general secretary of AITUC and said that, “Even in the retail segment, the FDI is considered to rise for about 80% and the unremitting force from the World Bank and the America establishment, to which India had shifted to the nuclear deal, so this, is the reason for the assessment.” He also sought to make out about the fortune of a Bill, which was permitted by the Cabinet, for expanding the gratuity exposure to different segments of employees comprising teachers of the private schools. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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