The Union Cabinet has approved an amendment to the FDI Policy to allow FDI up to 20 percent under the "automatic route" in LIC. This comes ahead of IPO of LIC. It must be noted that the FDI limit in the insurance sector is 74 percent. Last year it was raised from 49% to 74%.
After the NATO conference in Brussels, US President Joe Biden and other NATO leaders extended the term of NATO Secretary-General Jens Stoltenberg by 1 year to 30 till September 2023.
State Bank of India will set up an Innovation, Incubation and Acceleration Center in Hyderabad, Telangana, which will be operational within six to nine months of on-boarding of a consultant.
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