Financial Daily from THE HINDU group of publications
Friday, Nov 25, 2005
Financial Daily from THE HINDU group of publications Friday, Nov 25, 2005 |
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Opinion
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Letters FDI hike in insurance
This refers to the news item `IRDA favours FDI at 49 pc' (Business Line, November 24): It is true that the Finance Minister had suggested 49 per cent of Foreign Direct Investment in the insurance sector. But due to the stiff opposition from the allies, the Centre did not take any decision on this matter. At present, the FDI cap in this sector is 24 per cent. As there is no need to import any foreign technology in insurance, the demand for increasing the FDI limit is not relevant. P. P. Mohanan Kochi
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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