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Budget 2025: FDI Limit For Insurance Sector Raised To 100%
Finance Minister Nirmala Sitharaman, in her Budget speech today, announced raising FDI limits for insurance for insurance sector from 74 per cent to 100 per cent, though with certain restrictions.
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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 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.
-
Government's Bills Face Great Wall of Rajya Sabha
On Tuesday, when the Lok Sabha passed the controversial land bill, the Congress and some other opposition parties were not present in the House. They had walked out, signalling to the government that they are united in their resolve to not let its key reforms pass the Rajya Sabha test.
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'Collective Responsibility of Parties to Run the House,' Says PM Narendra Modi Ahead of Budget Session
Prime Minister Narendra Modi today said that it was the -collective responsibility of all parties- to ensure the smooth functioning of the Parliament ahead of the Budget session on Monday. The government is looking to pass key legislation, including bills to replace a slew of ordinances, in this session that is expected to be a stormy affair.
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BJP-Congress Agreement May Propel Insurance Bill
Rare agreement between the ruling BJP and the opposition Congress is likely to clear the way for the Insurance Bill that represents the Narendra Modi government's first major legislative reform.
-
Trinamool to Oppose Bill on FDI in Parliament: Mamata Banerjee
Trinamool Congress chief Mamata Banerjee today said her party would oppose any attempt to pass the Bill in Parliament to raise FDI cap in insurance sector to 49 per cent and will be vocal against the BJP-led government over communal violence.
-
FDI: Government relaxes rules for key sectors
The government today relaxed Foreign Direct Investment or FDI guidelines for a range of industries including telecom, single brand retail and oil and gas in a bid to lure capital inflows, prop up the sliding rupee and rev up growth.
-
Budget 2025: FDI Limit For Insurance Sector Raised To 100%
Finance Minister Nirmala Sitharaman, in her Budget speech today, announced raising FDI limits for insurance for insurance sector from 74 per cent to 100 per cent, though with certain restrictions.
-
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...
-
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 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.
-
Government's Bills Face Great Wall of Rajya Sabha
On Tuesday, when the Lok Sabha passed the controversial land bill, the Congress and some other opposition parties were not present in the House. They had walked out, signalling to the government that they are united in their resolve to not let its key reforms pass the Rajya Sabha test.
-
'Collective Responsibility of Parties to Run the House,' Says PM Narendra Modi Ahead of Budget Session
Prime Minister Narendra Modi today said that it was the -collective responsibility of all parties- to ensure the smooth functioning of the Parliament ahead of the Budget session on Monday. The government is looking to pass key legislation, including bills to replace a slew of ordinances, in this session that is expected to be a stormy affair.
-
BJP-Congress Agreement May Propel Insurance Bill
Rare agreement between the ruling BJP and the opposition Congress is likely to clear the way for the Insurance Bill that represents the Narendra Modi government's first major legislative reform.
-
Trinamool to Oppose Bill on FDI in Parliament: Mamata Banerjee
Trinamool Congress chief Mamata Banerjee today said her party would oppose any attempt to pass the Bill in Parliament to raise FDI cap in insurance sector to 49 per cent and will be vocal against the BJP-led government over communal violence.
-
FDI: Government relaxes rules for key sectors
The government today relaxed Foreign Direct Investment or FDI guidelines for a range of industries including telecom, single brand retail and oil and gas in a bid to lure capital inflows, prop up the sliding rupee and rev up growth.
