Insurance FDI cap hike sees inflow in Joint Ventures; $1billion likely in 2016
The long pending demand of insurance players for raising the FDI cap to 49 percent was fulfilled this year leading to greater flow of foreign funds into India's private JVs and the move is expected to further attract over Rs 6,000 crore into the sector during 2016.
Dec 30, 2015, 13:07 PM IST
FDI hike would benefit Indian private non-life insurers: Moody's
The increase in foreign direct investment (FDI) limit by 23 percent to 49 percent is expected to alleviate the capital pressure on Indian private non-life insurers, global credit rating agency Moody`s Investor Service (MIS) said Thursday.
Jan 08, 2015, 13:11 PM IST
LIC favours raising FDI cap in insurance sector to 49%
Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee that is evaluating amendments to a Bill pending for four years in Rajya Sabha.
Sep 13, 2014, 23:39 PM IST
PM faces early resistance in insurance reform push
Jaitley needs the support of the opposition in the 250-member upper house of parliament where his Bharatiya Janata Party (BJP) and its allies have about 60 members.
Aug 05, 2014, 15:51 PM IST
