The Union Cabinet has approved an amendment to the FDI Policy to allow FDI up to 20 percent under the "automatic route" in LIC. This comes ahead of IPO of LIC. It must be noted that the FDI limit in the insurance sector is 74 percent. Last year it was raised from 49% to 74%.
The Union Power Minister has inaugurated the Virtual Smart Grid Knowledge Center and Innovation Park in yet another digitization effort aimed at advancing smart grid technologies and capacity building in the power distribution sector in Manesar, Haryana.
The state government of Maharashtra has announced to set up the country's first medical city named 'Indrayani Medicity' in Pune, to provide all kinds of specialised treatment under one roof.
The Indian Army has dedicated a Chair of Excellence in the memory of late Chief of Defence Staff (CDS), General Bipin Rawat at the United Service Institution of India (USI), on the occasion of his 65th birthday anniversary.
EXAMIANS