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.
EXAMIANS