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%.
India's first ambulance for street animals has been launched in Chennai. It has been started by the Blue Cross of India in collaboration with the international animal welfare organization "Four Paw".