Parliament approves long-pending Insurance Bill
The controversial Insurance Laws (Amendment) Bill, 2015, which replaced an ordinance promulgated in December last, was passed by voice vote after walkout by Trinamool Congress and DMK.
Mar 12, 2015, 20:33 PM IST
Financial stocks gain on insurance bill hopes
Hopes of increase in insurance FDI today pushed the share prices higher for the companies with interest in the insurance sector, with Max India leading the charts with over 11 percent gains.
Mar 12, 2015, 13:07 PM IST
Insurance Bill to be taken up in Rajya Sabha today
Formally called the Insurance Laws (Amendment) Bill, it seeks to replace an ordinance that was promulgated earlier.
Mar 12, 2015, 09:32 AM IST
Insurance penetration in India at 3.9%, below world average
Insurance penetration in India at 3.9 percent was below the world average of 6.3 percent in 2013, Parliament was informed Tuesday.
Mar 10, 2015, 18:36 PM IST
Despite Lok Sabha nod, fate of Insurance Bill hangs in balance
Fate of the Insurance Bill hangs in balance with the Congress expressing its opposition to the manner in which it was brought and approved by Lok Sabha and the government hinting at the possibility of a Joint Session to clear the key reform measure.
Mar 04, 2015, 22:13 PM IST
Insurance Bill gets Lok Sabha nod; set to face hurdles in Rajya Sabha
The controversial Insurance Bill, a key reform legislation, Wednesday cleared the Lok Sabha hurdle easily but the problem of numbers in Rajya Sabha prompted the government to say that it will convene Joint Session if it is defeated in the Upper House.
Mar 04, 2015, 18:56 PM IST
Lok Sabha passes Insurance Bill to replace Ordinance
Lok Sabha on Wednesday passed the Insurance Bill to replace an ordinance in this regard.
Mar 04, 2015, 18:07 PM IST
Opposition in Rajya Sabha attacks govt on Insurance Bill introduction in Lok Sabha
Opposition parties on Wednesday renewed its attack on the government for bringing a bill in Lok Sabha to amend the insurance law to allow 49 percent FDI in the sector, when a similar bill was pending in the Upper House.
Mar 04, 2015, 14:03 PM IST
Insurance Bill introduced in Lok Sabha amid opposition
A key economic reform bill, providing for raising the FDI cap in insurance sector to 49 percent, was introduced in Lok Sabha Tuesday amid stiff opposition by Left and TMC.
Mar 03, 2015, 15:28 PM IST
'FDI insurance rules could have been simpler'
The Indian government seems to have overstepped its boundary on extending foreign direct investment (FDI) limits for insurance intermediaries, industry experts say.
Feb 21, 2015, 12:11 PM IST
Up to 26% FDI in insurance allowed via automatic route
The government on Friday said up to 26 percent FDI in insurance companies will be allowed through automatic route, as it notified rules to increase foreign direct investment ceiling in the sector to 49 percent.
Feb 20, 2015, 20:53 PM IST
Subsidies to be rationalised, joint session on insurance: FM
Laying the fiscal road map ahead of his first full- fledged Budget, FM sought to assure investors at the ongoing World Economic Forum (WEF) that subsidies will not be completely eliminated but only rationalised to cut expenditure.
Jan 22, 2015, 18:07 PM IST
Govt eyes reforms through window when door is shut: Experts
With limited legislative success in the Winter session of Parliament, the government has adopted the ordinance route to push key economic reforms but that still leaves uncertainty on the table, experts from top global banks have said.
Dec 29, 2014, 16:37 PM IST
Insurance sector eyes FDI worth billions in new year
Finance Minister Arun Jaitley has expressed hope that hiking of the foreign investment cap in the insurance sector to 49 percent, which has been pending since 2008, will result in capital inflow of USD 6-8 billion.
Dec 29, 2014, 12:11 PM IST
President signs insurance, coal ordinances
Paving way for additional foreign investment in insurance and to move ahead with the re-allocation of cancelled coal mines, President Pranab Mukherjee on Friday signed the two ordinances in this regard.
Dec 26, 2014, 18:24 PM IST
President signs ordinances for coal auction, insurance reforms
President Pranab Mukherjee on Friday signed the ordinances moved by the government on raising FDI in insurance sector and facilitating e-auction of coal blocks.
Dec 26, 2014, 14:35 PM IST
Insurance reforms to bring in foreign investment: Industry
The government's approval to key insurance and coal sector reforms will help attract much-needed investments, boost domestic manufacturing and usher in transparency and fair play, industry said on Wednesday.
Dec 24, 2014, 20:29 PM IST
Govt fastracks reforms in insurance, coal and pharma sectors
Moving at rapid pace, the Union Cabinet on Wednesday approved key insurance and coal sector reforms which were stuck in Parliament logjam.
Dec 24, 2014, 16:35 PM IST
Country can't wait if one House of Parliament does not work: Jaitley
With the government pushing key reform measures like insurance and coal block allocation, Finance Minister Arun Jaitley on Wednesday said the country cannot wait even if one of the Houses of Parliament "waits indefinitely".
Dec 24, 2014, 16:26 PM IST
Govt approves Ordinance to hike FDI in insurance to 49%
Government on Wednesday approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from 26 percent, as the legislation could not be passed in the Parliament session that ended yesterday.
Dec 24, 2014, 13:43 PM IST
