Centre has proposed to increase FDI cap in insurance sector to which percent in the Union Budget 2021?
A. 54%
B. 64%
C. 74%
D. 84%
Explanation:
A key take away from the Union Budget 2021 is that the Centre has proposed to increase FDI cap in insurance sector to 74%. Presenting the Budget, Finance Minister Nirmala Sitharaman, announced that the government will amend the Insurance Act, 1938 to increase the permissible FDI limit from 49% to 74%.
