Thursday, November 15, 2007

DECISION ON FDI IN BROKERAGES SOON

The fate of FDI in insurance and commodity broking would be decided soon. The Foreign Investment Promotion Board (FIPB) is seeking the views of financial services department and consumer affairs department to come out with a policy of FDI in these sub-segments of the financial sector. As of now, foreign investment in these two business do not figure in the list of financial services.

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