The Union Cabinet has approved a bill to raise the foreign direct investment limit in the insurance sector to 100 percent, marking a significant shift in India’s policy framework for the industry. The proposal seeks to amend existing insurance laws to allow complete foreign ownership of
India’s foreign exchange reserves recently crossed the $700 billion mark, sparking debate about which government deserves credit for building this financial shield. For students of finance and public services, this question is less about politics and more about understanding how reserves grow, what role they play, and why both governments contributed differently to the















