IRDA will pave way for Lloyd's to enter India
India's government is planning to push through the insurance reforms bill that is set to retain the foreign direct investment cap in the sector at 26%, but will allow "modifications" to enable Lloyd's of London to enter the Indian market.
In a meeting tomorrow the Cabinet is expected to propose keeping the FDI cap at 26%, after plans to increase it to 49% met with strong resistance from the Standing Committee on Finance, according to T
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