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%.
Indian Railways tested 'Kavach', an automatic train collision protection system by making two trains hurtle towards each other at full speed today, one with the Railways Minister Ashwini Vaishnaw and another with Railway Board chairman on board.
EXAMIANS