CEA pitches to hike FDI in insurance

New Delhi, April 30 -- At a time when the government is trying its best to boost sentiments among investors and create the right business environment, Raghuram Rajan, chief economic adviser at the finance ministry, pitched for early passage of the insurance bill, which seeks to increase the foreign direct investment level to 49% from the current 26%.Rajan on Tuesday said that the passage of the ...