FDI in the insurance sector was capped at 49% under the automatic route. According to the policy, FDI for insurance company is still capped at 49%. The government’s latest decision to ease FDI norms for the insurance sector will enable foreign brokerage companies to buy stake in Indian companies.

All of the above

Small Industries Development Bank of India

The aim of the First Five Year Plan was to correct the disequilibrium in the economy. The first Indian Prime Minister, Jawaharlal Nehru presented the first five-year plan to the Parliament of India and wanted immediate attention. The first five-year plan was launched in 1951, which focused mainly on the development of the primary sector. The first five-year plan was based on the Harrod – Domar model with some modifications.

The Governor is the executive head of the State; all executive action of the State government is formally taken in the name of Governor