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The Insurance Amendment Bill 2021 has been passed by Lok Sabha today leading to a hike in Foreign Direct Investment (FDI) limit
The Insurance Amendment Bill 2021 has been passed by Lok Sabha today leading to a hike in Foreign Direct Investment (FDI) limit in the sector to 74 percent. The said Bill was passed by Rajya Sabha on March 18, 2021.
The Bill removes restrictions on ownership and control. However, such foreign investment may be subject to additional conditions as prescribed by the Central Government.
For more details on the Bill, read our previous story HERE
Watch the roundup of all the important Supreme Court judgments and stories from the month of February.
The Supreme Court has held that allowing movie goers to carry their own food and beverages to a movie hall would be akin to permitting a customer who visits a restaurant to carry their own food and eat it within the premises of that restaurant.