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Will invite suggestions for FDI in aviation, media, insurance: Sitharaman in budget speech

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Presenting her maiden budget in the Lok Sabha, Finance Minister Nirmala Sitharaman on Friday said the government will invite suggestions for the further opening up of foreign direct investment in the aviation sector, media, animation AVGC and insurance sectors in consultation with all stakeholders.

Budget 2019-20: Will invite suggestions for FDI in aviation, says Nirmala Sitharaman

Budget 2019-20: Will invite suggestions for FDI in aviation, says Nirmala Sitharaman

Image Source : PTI
New Delhi:

In her maiden budget presentation in Lok Sabha, Finance Minister Nirmala Sitharaman said that the government will invite suggestions for the further opening up of foreign direct investment in the aviation sector, media, animation AVGC and insurance sectors in consultation with all stakeholders.

Hundred percent FDI will be permitted for insurance intermediaries, the finance minister said. 

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