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49% FDI in insurance not valid in 2011: Yashwant Sinha

last updated on December 13, 2011 at 10:23 pm moneycontrol

Defending the Standing Committees stance to oppose government's proposal to hike the FDI limit for insurance companies to 49%, chairman Yashwant Sinha said that the insurance companies were first casualties in the sub-prime crisis in the US and handing over control to foreign companies will not be advisable.

Tags : #Yashwant Sinha #Sura #

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