Fdi In Insurance And Pension

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  Budget: Focus On Health, Farmers, Polls; Relief For Seniors Above 75

  Finance Minister Nirmala Sitharaman, announcing Budget 2021 aimed at reviving an economy badly hit by the coronavirus pandemic, said the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that 35,000 crore would be spent on Covid vaccines. Capital expenditure will be increased to Rs 5.54 lakh crore, which is around 34 pe...

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  Government Notifies Composite Cap for Foreign Investment

  Sectors like insurance, pension, retail and pharmaceuticals will benefit from introduction of composite cap in the FDI or foreign direct investment policy which came into effect from Thursday.

• How Higher Insurance FDI Limit Could Benefit You

  The Cabinet has cleared the Insurance Laws (Amendment) Bill and it will be subsequently introduced in the current session of Parliament. The Bill aims to raise the foreign direct investment in insurance sector to 49 per cent, from the current level of 26 per cent.

• More bills to be introduced in Parliament in coming session: Minister

  Buoyed by government winning the FDI vote in Parliament, more bills were likely to be introduced in the coming session covering Banking, Insurance and Pension sectors, Union Minister of state in Prime Ministers Office (PMO) V Narayanasamy said today.

• Government preps for FDI vote: what happened at cabinet meeting

  At a cabinet meeting last evening, sources say the focus was almost exclusively on the strategy to win the vote, which is non-binding, but has major implications for the government. If it loses the vote, the opposition may increase pressure to roll back the reform, a possibility the Prime Minister has ruled out in the past. Losing the vote will a...

• Winter session of Parliament: What's on the agenda

  All eyes are set on Parliament where the Winter Session will begin today. Among the key reform bills due to be introduced are measures to allow up to 49 per cent foreign investment in local insurance companies and domestic pension funds. Here is the full list of bills that are on the agenda.

• Plan to pass bills on FDI in insurance and pension this Winter Session: Kamal Nath

  The government aims to pass bills opening up the insurance and pension sectors to foreign investors in the upcoming winter session of Parliament, Parliamentary Affairs Minister Kamal Nath said on Tuesday, the next step in a reform programme seen as key to reviving economic growth.

• Reforms II: Actionable or simply intent?

  The Union Cabinet gave its nod for 49 per cent foreign direct investment in the pension and insurance sectors. Finance Minister P Chidambaram said the government would reach out to the Opposition, including the BJP, to gain support since the measures will need Parliamentary approval.

• FDI in insurance and pension: Future may well lie with BJP

  Whether the new reforms in pension and insurance sectors approved by the government will translate into reality could depend on the stand of the BJP. The cabinet cleared 49 per cent Foreign Direct Investment or FDI for both key areas last evening, but the new policies have to be cleared in Parliament to become law.

• Cabinet allows FDI in insurance, pension sectors; will these big bang reforms pass the Parliament test?

  Soon after the Union Cabinet approved opening up the insurance and pensions sectors to foreign investors last evening, Finance Minister P Chidambaram reached out to the Opposition saying he was optinistics that the opposition,"especially the principle opposition," or the BJP, would help pass the new Bills through discussion and negotiaton. The Manm...

• Big bang reforms 2: Mamata Banerjee pushes for no-confidence motion against govt

  Mamata Banerjee is furious with the latest set of reforms that the Centre pushed last evening and has said she will meet the President with "an appeal to oust the UPA-II minority government". The Trinamool Congress chief said she would move a no-confidence motion against the government she plunged into a minority last month with her walkout and has...

• Cabinet clears FDI in insurance, pension bills in second phase of reforms

  The cabinet approved bills on Thursday to attract foreign investment into insurance and pensions among a package of new measures to restore confidence in the economy, although the reforms will face a tough fight in parliament.

• Cabinet clears insurance, pension FDI bills

  The cabinet approved bills on Thursday to attract foreign investment into insurance and pensions among a package of new measures to restore confidence in the economy, although the reforms will face a tough fight in parliament.

• BJP not against FDI in pension, insurance, wants to see fine print

  In the wake of reforms announced by the government in insurance and pension sectors, BJP on Thursday said while it is not opposed to more FDI in these areas, certain caveats and conditions should be met to "safeguard the interest of the people".

• Big bang reforms again: Cabinet allows FDI in insurance, pension sectors

  In a second round of bold reforms , the government today took big steps to open up the insurance and pensions sectors to foreign investors and prove it's determined to push the economy into turn-around mode. However, these proposals will have to be cleared by parliament. Opposition parties are against the reforms; so, supposedly, are some allies of...