<h1>Union Budget 2019-20: 100% FDI for Insurance Intermediaries, Eased Local Sourcing for Single Brand Retail, FPI Reforms.</h1> The Union Budget 2019-20 proposes allowing 100% Foreign Direct Investment (FDI) for insurance intermediaries and easing local sourcing norms for FDI in the Single Brand Retail sector. It suggests rationalizing Know Your Customer (KYC) norms to facilitate foreign portfolio investments and merging the NRI-Portfolio Investment Scheme with the Foreign Portfolio Investment Route for easier access to Indian equities. The government plans to explore further FDI openings in aviation, media, and insurance sectors. Additionally, the budget aims to increase the statutory limit for FPI investment in companies and organize an Annual Global Investors Meet to enhance India's integration into the global financial system.