FDI Current Affairs, GK & News

Foreign direct investment in LIC

The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to create a plan to amend the FDI in insurance sector after consulting DPIIT. DFS is ..

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Kochi Water Metro Project

The Kochi Water Metro Project is a ferry transport project. It provides feeder service to the suburbs. With this Kochi has become the first city in India to launch water metro project. About the Project The project is operated by the Kochi Metro Rail Limited. 15 routes are identified under the project. It connects ten ..

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FPI inflows in India: Rs 2.74 lakh crores in 2021

In 2021, India has emerged as the largest recipient of Foreign Portfolio Investments. The net FPI inflow for the fiscal year 2020-21 was Rs 2.74 lakh crores. Investment in equity segment The investments in the equity segment for the year 2020-21 touched Rs 2,74,503.  This is the highest quantum of money recorded since the National ..

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IRDAI: Health Insurance and Motor Insurance Filing Process Standardised

The Insurance Regulatory and Development Authority of India (IRDAI) recently standardised the technical notes for filing health and motor insurance policies. The IRDAI has lately been taking up several initiatives to standardise the health insurance products in the country. This is mainly being done to reduce the complexities faced by the customers at the time ..

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Impact of EU-UK Brexit Deal in India

India is to emerge as the net-gainer from the Brexit deal recently signed between the European Union and United Kingdom. Impact on India The gains for India from the EU-UK Brexit deal are mainly in the service sector. This is because, the UK currencies are becoming cheaper. Therefore, it will be less expensive for the ..

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