Question
The Union Cabinet recently approved a _____% foreign
direct investment limit under automatic route in Life Insurance Corporation, an enabling provision aimed at attracting long-term foreign investors.Solution
Ahead of the mega initial public offer of the Life Insurance Corporation in mid-March, the Union Cabinet recently approved a 20% foreign direct investment limit under automatic route in LIC, an enabling provision aimed at attracting long-term foreign investors to the issue. According to the amendment to the LIC Act through the Finance Act 2021, the government could dilute only a 25% stake in the insurer in the first five years and the government equity won’t fall below 51% at any point in time. So, 49% public float in LIC is a long way to go as well as full utilisation of the FDI limit.
Consider the following statement about Export Promotion Capital Goods (EPCG) norms:
I. Govt has announced a one-time relaxation with respect to m...
As of 2023, how many passengers did Delhi's Indira Gandhi International Airport handle, making it one of the top 10 busiest airports in the world?
HDFC Securities has launched ____________ a Robo-advisory investment platform for Mutal Funds scheme without a need of demat account?
Jeevan Raksha Padak awards were instituted in which year?
How much of an export target has been set by APEDA for the current fiscal year (2022-23)?
What is the estimated annual capacity of the waste-to-energy facility in Dubai?
Which team won the title of Durand Cup 2023?
What event led Olivier Giroud to announce his retirement from international football?
S&P Global Ratings has retained its ________growth forecast for the current fiscal year & has projected the growth forecast at _________for FY 2025 and ...
India has taken over the stock market capitalization of which country for the first time with the combined value of shares listed on Indian exchanges re...
Relevant for Exams:
