Money & Banking

Kerala: Plea against insurance FDI hike

Our Bureau Kochi | Updated on July 25, 2014

The All-Kerala Bank Employees Federation has urged the Centre to withdraw the decision to allow 49 per cent foreign direct investment in the insurance sector. The federation in a statement said the decision would hurt the interests of the nation. Already, certain insurance companies which had tie-up with foreign companies are repatriating large quantum of their profits to their partners abroad, it said.

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Published on July 25, 2014
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