Full FDI cover for insurance startups; Social Stock Exchange to fund common causes

Insurance Startups
Startups in the insurance business can now raise funds from global investors, as rules have been relaxed to allow 100% FDI for insurance intermediaries. This will benefit insurance aggregators and insurance broking startups and satisfy their long-standing demand. More so, as it will help new ventures attract high quality global capital.

Social Stock Exchange
The finance minister has also proposed setting up a social stock exchange regulated by the Securities and Exchange Board of India. Companies and non-profits that focus on social causes can now raise funds on the online platform and use the money to fund social causes. India has some two million social enterprises according to industry estimates.