In the Union Budget 2025, the important long-term changes included an increase in the FDI limit in the insurance sector from ________ to ________, establishment of a Partial Credit Enhancement (PC

• The FDI limit in insurance was proposed to be increased from 74% to 100% to attract long-term capital. • A Partial Credit Enhancement (PCE) Facility for infrastructure corporate bonds is to be set up by National Bank for Financing Infrastructure and Development (NaBFID) to improve credit quality of bonds. • A new Investment Friendliness Index was announced to rank States on investment attractiveness, by evaluating factors like infrastructure, policies, risk, and ease of doing business, aiming to foster competitive federalism and attract more domestic and foreign investment through healthy competition and identifying reform areas, with Niti Aayog spearheading its rollout to encourage states to improve regulatory frameworks