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 Union Civil Aviation Minister Jyotiraditya Scindia and Madhya Pradesh Chief Minister Shivraj Singh Chouhan jointly inaugurated the first drone school in Gwalior, Madhya Pradesh.
The Ministry of Defence (MoD) bans imports of 107 strategically important Line Replacement Units (LRUs)/sub-systems to promote self-reliance in defence manufacturing and minimize imports by Defence Public Sector Undertakings (DPSUs) under 'Atma Nirbhar Bharat'.
EXAMIANS