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%.
General S F Rodrigues, who had served as Chief of the Indian Army from 1990 to 1993 passes away at the age of 88 years. General Sunith Francis Rodrigues was also the Governor of Punjab from 2004 to 2010.
India has secured the first position in the medal tally in the ISSF World Cup 2022 held in Cairo, organized by the International Shooting Sports Federation.
Reliance Retail Ventures Limited(RRVL), the retail unit of Reliance Industries Limited (RIL) has acquired a 54% stake (majority stake) in Addverb Technologies Private Limited, a Noida based robotics startup, for USD 132 million (~Rs 983 crore).
EXAMIANS