Consider the following statements 1 Government has increased the FDI in Insurance sector f...........

Economic Affairs Foreign Investment

Consider the following statements:

1. Government has increased the FDI in Insurance sector from 24 percent to 49 percent.

2. Now foreign entities including NRIs can have controlling management stakes improving the business environment

3. FDI of up to 26 per cent comes under automatic route and beyond 26 per cent and up to 49 per cent government approval is needed.

Based on the above statements chose the correct option?

1 and 2

1 and 3

2 and 3

All of above

2nd statement is incorrect i.e. Now foreign entities including NRIs can have controlling management stakes improving the business environment.

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