Indian regulator supports raising FDI cap
India's insurance regulator has echoed calls from insurers to raise the country's foreign direct investment cap to 49% from 26%, saying the injection of foreign funds would benefit the country's insurance industry.
J. Hari Narayan, pictured, chairman of the Insurance Regulatory and Development Authority, said at an insurance conference this week that higher FDI would enable insurers to overcome a capital crunch
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