Fdi In Pension

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...

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.

A press note to this effect was issued by the Department of Industrial Policy and Promotion (DIPP) on Monday.

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.

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.

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...

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.

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.

Firing a fresh salvo at the Congress-led UPA government over foreign direct investment (FDI) in pensions, West Bengal Chief Minister Mamata Banerjee accused it of pushing the future of pensioners in India towards uncertainty.

Tearing into the Centre's big ticket reforms, Tamil Nadu Chief Minister Jayalalithaa today described it as "diversionary" to "anaesthetise the mammoth corruption charges" against the UPA Government especially when elections are imminent.

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.

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.

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...

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...

The government on Thursday opened up the pension sector to foreign investment. Against the expected cap of 29 per cent, the Cabinet cleared up to 49 per cent foreign investment in the sector.

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...

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.

A press note to this effect was issued by the Department of Industrial Policy and Promotion (DIPP) on Monday.

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.

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.

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...

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.

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.

Firing a fresh salvo at the Congress-led UPA government over foreign direct investment (FDI) in pensions, West Bengal Chief Minister Mamata Banerjee accused it of pushing the future of pensioners in India towards uncertainty.

Tearing into the Centre's big ticket reforms, Tamil Nadu Chief Minister Jayalalithaa today described it as "diversionary" to "anaesthetise the mammoth corruption charges" against the UPA Government especially when elections are imminent.

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.

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.

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...

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...

The government on Thursday opened up the pension sector to foreign investment. Against the expected cap of 29 per cent, the Cabinet cleared up to 49 per cent foreign investment in the sector.