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 Money & Banking - Foreign Direct Investment
‘Desist from hiking FDI in insurance cos’

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Kochi, Sept. 19 The General Insurance Officers All India Association has opposed the Union Government’s move to increase the foreign direct investment limit in insurance companies from 26 per cent to 49 per cent.

Mr P.P. Mohanan, General Secretary of the Association in Kerala, in a statement issued here said the financial crisis of US-based AIG should be an eye opener to the Government.

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