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Cabinet Gives Nod To Amend Regulation For FDI In NBFC Categories[/caption]
The Cabinet on Wednesday gave approval to amend regulation for foreign investment in non-banking finance companies.
The move was earlier announced in Budget 2016.
According to people close to the development, categories like insurance intermediaries, pension management companies and asset finance companies are likely to be included in the ambit of FDI.
Cabinet also approves signing & ratification of agreement between India and Croatia on economic cooperation