The Prime Minister of Malta, Robert Abela has been sworn in for a second term after his ruling Labour Party won the 2022 general election in a landslide victory.
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 Reserve Bank of India has released the RBI (Regulatory Framework for Microfinance Loans) Directions, 2022, which will be effective from April 1, 2022.
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