ANNOUNCEMENT 04 Feb 2014
In February 2014, the government of India announced changed rules for foreign investors.NUMBER OF INTERVENTIONS
1
SOURCE
Official notification
http://dipp.nic.in/English/acts_rules/Press_Notes/pn2_2014.pdf
On 4 February 2014, the Indian Department for Industry Policy and Promotion (DIPP) notified that henceforth in addition to Foreign Direct Investors (FDI), Foreign Institutional Investors and Non-resident investors (NRI) will also be allowed to invest in equity of India insurance companies. The investment cap has been retained at 26%.
AFFECTED SECTORS
AFFECTED PRODUCTS