Foreign Investment In Insurance
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A Major Old Rule Could Be Changed By Centre Ahead Of LIC's Mega-IPO
India is considering allowing foreign direct investment in Life Insurance Corporation, according to a person familiar with the matter, which could enable a single overseas investor to buy a large stake in the firm that's headed for a mega-IPO.
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Lok Sabha Passes Bill To Raise Foreign Investment In Insurance To 74%
A bill to increase foreign direct investment (FDI) in the insurance sector from 49 per cent to 74 per cent was approved by Parliament with the Lok Sabha giving green signal to the legislation by a voice vote on Monday.
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Bill To Increase Foreign Investment To 74% Moved In Lok Sabha
Finance Minister Nirmala Sitharaman said on Monday that raising the FDI limit in the insurance sector to 74 per cent was necessary to help insurers deal with issues concerning financial stress.
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Bill To Raise Foreign Investment Limit In Insurance To 74% Passed In Rajya Sabha
Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.
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India Doubles Healthcare Spending, More FDI Allowed In Insurance
India proposed doubling healthcare spending in an annual budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive an economy that suffered its deepest recorded slump as a result of the pandemic.
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Budget 2021 Live Updates: Budget Focuses On Health And Farmers, Seniors Above 75 Get Relief
Finance Minister Nirmala Sitharaman addressed parliament today with details of the Union Budget 2021, the first after a difficult year for the economy due to the COVID-19 pandemic. She announced foreign direct investment (FDI) hike in insurance to 74 per cent from 49 per cent with foreign control under safeguards.
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Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...
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PM Modi's First Major Reform Gets Parliament Nod, Congress Helps Pass Insurance Bill
Prime Minister Narendra Modi passed his first major economic reform almost a year after coming to power, as Parliament voted late on Thursday to allow more foreign investment in the insurance sector.
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Insurance Bill Passed in Rajya Sabha With Support From Congress, Other Opposition Parties
Parliament tonight approved the NDA government's first major economic reform measure as the long-pending bill providing for raising foreign investment cap in insurance was passed by Rajya Sabha after main Opposition Congress and some other parties came on board.
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Insurance Bill Tabled in Rajya Sabha Amid Sparring on Technicalities
A controversial bill providing for raising the Foreign Direct Investment (FDI) cap in the insurance sector was introduced in Rajya Sabha today but not before a heated debate and adjournments over technicalities as a similar legislation was pending in the House.
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Insurance Bill in Rajya Sabha Today, May Pass Test After a Pact
A bill that seeks to raise foreign investment in the insurance sector will be taken up in the Rajya Sabha today and is expected to sail through following the government's pact with the opposition on key legislation.
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Parliamentary Committee for Raising Foreign Investment Cap in Insurance to 49 Per Cent
A parliamentary committee has recommended raising to 49 per cent the cap on foreign investment in insurance joint ventures to help draw more fund flows into a sector starved of capital and squeezed by regulations.
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PM Modi's Big Reform, the Insurance Bill, Caught in Numbers Trap
Plain numbers could govern the fate of the landmark Insurance Bill that represents the BJP-led government's first major legislative reform. Many parties have said they will stonewall the bill, which seeks to raise the cap on Foreign Direct Investment in the insurance sector.
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Congress in No Mood for Consensus Over Insurance Bill, Say Sources
Keen to deliver a major reform, the government is trying to persuade the heads of political parties to back more foreign investment in the insurance sector. But the Congress is adamant that the bill must be referred to a parliamentary committee. The government is desperate to avoid the Bill from being sent to a Parliamentary committee as it would m...
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Insurance Bill, Key to PM's Reform Push: 10 Latest Developments
Keen to deliver a major reform, the government is trying to persuade the heads of political parties to back more foreign investment in the insurance sector.
-
A Major Old Rule Could Be Changed By Centre Ahead Of LIC's Mega-IPO
India is considering allowing foreign direct investment in Life Insurance Corporation, according to a person familiar with the matter, which could enable a single overseas investor to buy a large stake in the firm that's headed for a mega-IPO.
-
Lok Sabha Passes Bill To Raise Foreign Investment In Insurance To 74%
A bill to increase foreign direct investment (FDI) in the insurance sector from 49 per cent to 74 per cent was approved by Parliament with the Lok Sabha giving green signal to the legislation by a voice vote on Monday.
-
Bill To Increase Foreign Investment To 74% Moved In Lok Sabha
Finance Minister Nirmala Sitharaman said on Monday that raising the FDI limit in the insurance sector to 74 per cent was necessary to help insurers deal with issues concerning financial stress.
-
Bill To Raise Foreign Investment Limit In Insurance To 74% Passed In Rajya Sabha
Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.
-
India Doubles Healthcare Spending, More FDI Allowed In Insurance
India proposed doubling healthcare spending in an annual budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive an economy that suffered its deepest recorded slump as a result of the pandemic.
-
Budget 2021 Live Updates: Budget Focuses On Health And Farmers, Seniors Above 75 Get Relief
Finance Minister Nirmala Sitharaman addressed parliament today with details of the Union Budget 2021, the first after a difficult year for the economy due to the COVID-19 pandemic. She announced foreign direct investment (FDI) hike in insurance to 74 per cent from 49 per cent with foreign control under safeguards.
-
Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...
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PM Modi's First Major Reform Gets Parliament Nod, Congress Helps Pass Insurance Bill
Prime Minister Narendra Modi passed his first major economic reform almost a year after coming to power, as Parliament voted late on Thursday to allow more foreign investment in the insurance sector.
-
Insurance Bill Passed in Rajya Sabha With Support From Congress, Other Opposition Parties
Parliament tonight approved the NDA government's first major economic reform measure as the long-pending bill providing for raising foreign investment cap in insurance was passed by Rajya Sabha after main Opposition Congress and some other parties came on board.
-
Insurance Bill Tabled in Rajya Sabha Amid Sparring on Technicalities
A controversial bill providing for raising the Foreign Direct Investment (FDI) cap in the insurance sector was introduced in Rajya Sabha today but not before a heated debate and adjournments over technicalities as a similar legislation was pending in the House.
-
Insurance Bill in Rajya Sabha Today, May Pass Test After a Pact
A bill that seeks to raise foreign investment in the insurance sector will be taken up in the Rajya Sabha today and is expected to sail through following the government's pact with the opposition on key legislation.
-
Parliamentary Committee for Raising Foreign Investment Cap in Insurance to 49 Per Cent
A parliamentary committee has recommended raising to 49 per cent the cap on foreign investment in insurance joint ventures to help draw more fund flows into a sector starved of capital and squeezed by regulations.
-
PM Modi's Big Reform, the Insurance Bill, Caught in Numbers Trap
Plain numbers could govern the fate of the landmark Insurance Bill that represents the BJP-led government's first major legislative reform. Many parties have said they will stonewall the bill, which seeks to raise the cap on Foreign Direct Investment in the insurance sector.
-
Congress in No Mood for Consensus Over Insurance Bill, Say Sources
Keen to deliver a major reform, the government is trying to persuade the heads of political parties to back more foreign investment in the insurance sector. But the Congress is adamant that the bill must be referred to a parliamentary committee. The government is desperate to avoid the Bill from being sent to a Parliamentary committee as it would m...
-
Insurance Bill, Key to PM's Reform Push: 10 Latest Developments
Keen to deliver a major reform, the government is trying to persuade the heads of political parties to back more foreign investment in the insurance sector.
