Nirmala Sitharaman announces budget for Financial Capital | Union Budget 2021 LIVE
Автор: ET Now
Загружено: 2021-01-31
Просмотров: 616
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Nirmala Sitharaman announced the Union Budget for the year 2021-2022 on February 1, in her speech talked about the Financial Capital structure, she added that the Government will extend its full support to the development of a world-class fin-tech hub at IFS. For the Proposal to amend Insurance Act, 1938, she added that an Increase permissible FDI limit from 49% to 74% in insurance companies, allow foreign ownership & control. The majority of directors will be resident Indians, stated Nirmala Sitharaman, Finance Minister as she addresses the Parliament. For Investor protection, she said that the Investor charter will be across all financial projects.
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