Budget 2019: Finance Minister Announces 100% FDI In Insurance Intermediaries

Finance Minister Nirmala Sitharaman while tabling Budget 2019 in Lok Sabha said, "Government will invite suggestions for further opening up of FDI in aviation sector, media, animation AVGC and insurance sectors in consultation with all stakeholders. 100% FDI will be permitted for insurance intermediaries."
Sitharaman says, 'It took us over 55 years to reach $1 trillion dollar economy. But when the hearts are filled with hope, trust & aspiration, we in just 5 years, added $1 trillion.'