India’s Parliament Raises Insurance-Company Foreign Ownership Limit

NEW DELHI—India’s Parliament on Thursday authorized legislative changes to open a word business to some-more unfamiliar investment, a essential partial of Indian Prime Minister Narendra Modi’s devise to serve liberalize a Indian economy and urge financier confidence.

The amendment raises a extent on unfamiliar tenure of internal word companies to 49% from 26%, replacing an executive sequence Mr. Modi upheld in Dec that initial brought this process change. That executive sequence indispensable to be authorized by Parliament to become…

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