- The increase in FDI limit aims to attract more foreign capital into the Indian insurance market. - This is expected to help in increasing insurance penetration and improving product offerings and services. - The decision required amendments to the Insurance Act, 1938.
In the recent Union Budget, the FM has increased the Foreign Direct Investment (FDI) limit in the insurance sector from the existing one to
Asked in BPSC Prelims Exam 67th Cancelled · Topic: Fiscal Policy & Revenue (Sources of Government Revenue: Tax and Non-Tax Revenue)
More Economic Development questions
- What was the Tax-GDP ratio in the financial year 2021-22 in India?
- As per the Budget Estimates of 2019-20, the following are some of the important sources of tax receipts for the Union Government: Corporation Tax Taxes on Income other than Corporation Tax Goods and Services Tax Union Excise Duties Which one of the following is the correct descending order of the foresaid tax receipts as a percentage of GDP?
- In which year, the percentage of Own Tax Revenue to Total Tax Revenue of this state is least during the period 2014-15 to 2017-18 ?
- Find the value: ¼ {1800 ÷ (11 × 24 – 8 × 3)} + ⅛
- The ratio between the total expenditure on taxes for all the years and the total expenditure on fuel and transport for all the years respectively is approximately
- The construction of National Highways under ‘Bharatnala Pariyojana’ is funded from 1. Cess collected from Petrol and Diesel 2. Amount collected from Toll 3. External assistance
- Modi government has re-issued Kisan Vikas Patra to attract domestic savings in the country, so that infrastructure can be developed. Choose the correct answer considering the following statements in this regard: (i) Investment can be made in the form of Rs 1,000, Rs 5,000, Rs 10,000 and Rs 50,000. (ii) There is no limit on the maximum amount of investment. (iii) However, no tax benefit will be given in this scheme.
- Match List-I with List-II: List-I List-II