Lagatar24 Desk   New Delhi, April 17: The central government has changed the restrictions of the Foreign Exchange Management Act (FEMA), allowing up to 20% foreign direct investment in the insurance giant LIC. The government intends to sell a portion of its stake in LIC through an Initial Public Offering (IPO). The LIC submitted the … Continue reading LIC IPO: Centre amends FEMA rules, paves way for 20% foreign investment