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%.
As part of the 'Azadi ka Amrit Mahotsav' to commemorate India's 75th year of independence, a "Green Triangle" named after Mahatma Gandhi has been jointly inaugurated in Madagascar's capital Antananarivo.
Singapore-based T Raja Kumar has been appointed as the chairman of the Financial Action Task Force, the world's anti-money laundering and anti-terrorism financing agency.
EXAMIANS