Parliament Session starts today and amid fireworks Govt is likely to pass the bill to Increase FDI in Insurance. Till date India is safe may be because we did not have huge foreign holdings in Banks, Insurance etc., and the names heard in the turmoil from India were Merrill Lynch, AIG, CITI never Lets us Sleep, Our own ICICI Bank (Majority Foreign Holding)
Hence we can discuss, how safe is it to Increase FDI’s in core sectors? Should the Govt pass such bills and if yes what precautions should be taken?
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