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%.
Center for Development of Advanced Computing (C-DAC) has launched a project named "Param Ganga" at IIT Roorkee Institute under National Supercomputing Mission.
India's third-largest private sector bank, Axis Bank has been awarded IFR Asia's Asian Bank of The Year, for its breadth of coverage and depth of expertise in the Asian investment banking space.
EXAMIANS