Insurance Amendment Bill likely to be introduced in Parliament during monsoon session | Here's what it means

The Insurance Amendment Bill, which proposes increasing foreign direct investment (FDI) in the insurance sector to 100 per cent, is expected to be introduced in the upcoming monsoon session of Parliament, according to sources. The draft bill is ready and will soon be presented for Cabinet approval. Following this, the Department of Financial Services under the Ministry of Finance will initiate the process to introduce the Bill in Parliament. The monsoon session of Parliament typically begins in July.

Business