The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice.
source https://timesofindia.indiatimes.com/business/india-business/laws-governing-insurance-stock-mkts-to-be-rewritten/articleshow/125942023.cms
source https://timesofindia.indiatimes.com/business/india-business/laws-governing-insurance-stock-mkts-to-be-rewritten/articleshow/125942023.cms