Insurance, coal ordinances show government's determination: Jaitley
Addressing a press conference in the national capital, the Finance Minister said that insurance ordinance is in line with select committee recommendation.
Dec 24, 2014, 13:31 PM IST
Cabinet approves ordinance on coal, insurance reforms
The Insurance Bill seeks to increase the composite foreign investment limit in insurance companies to 49 percent from current level of 26 percent.
Dec 24, 2014, 11:40 AM IST
Govt may opt for ordinance to push coal, insurance reforms
Government may adopt the ordinance route to push reforms in insurance and coal sectors as relevant bills could not be taken up in the Rajya Sabha, whose functioning was paralysed in the just-concluded winter session.
Dec 23, 2014, 15:10 PM IST
Fate of Insurance, Coal bills hangs in balance
With only two working days left in the winter session of Parliament, the fate of the government's economic reform agenda, particularly the Insurance Bill and the Coal Bill, hangs in balance in view of strong opposition by some parties.
Dec 20, 2014, 20:58 PM IST
Will not allow political obstructionism to derail reforms: FM Jaitley
"The government is extremely determined to go ahead with this (insurance sector) reform and will not allow a Parliamentary disturbance to obstruct or delay a reform of this kind," he said while addressing a Ficci function.
Dec 20, 2014, 12:10 PM IST
Insurance Bill to be tabled in Parliament today
The insurance amendment bill is likely to be tabled in the Rajya Sabha Tuesday.
Dec 16, 2014, 09:08 AM IST
Cabinet approves insurance bill; RS may take up next week
The Cabinet, headed by Prime Minister Narendra Modi, approved incorporation of amendments suggested by a Parliamentary select panel in the Insurance Laws (Amendment) Bill, 2008.
Dec 10, 2014, 21:30 PM IST
Arun Jaitley promises 'civilised' tax regime to attract investment
Referring to the Select Committee report on further opening of insurance sector, Jaitley said, "Large investments are waiting to come in. We have to open the doors."
Dec 10, 2014, 19:46 PM IST
Govt inches closer to raising foreign investment cap in insurance to 49%
The hike in foreign investment limit is estimated to attract about Rs 25,000 crore of overseas funds in the sector.
Dec 10, 2014, 19:07 PM IST
Parliamentary Committee report on insurance pitches for 49% foreign investment cap
At present, a limit of 26 percent is allowed only through the FDI route.
Dec 10, 2014, 12:11 PM IST
Panel favours 49% FDI in insurance; report to be presented in Parl Wednesday
The report of the 15-member Parliamentary committee on the Insurance Amendment Bill, held up for nearly six years, is likely to be placed before the Rajya Sabha Wednesday.
Dec 09, 2014, 20:08 PM IST
Par panel to submit report on Insurance Bill on Wednesday
"The draft report on the Insurance Bill was adopted by the Select Committee on Monday. We will table it in the Rajya Sabha on December 10," panel chairman Chandan Mitra told PTI.
Dec 08, 2014, 19:42 PM IST
Insurance Bill: 11 members of Select Committee in favour of govt
A Select Committee meet on FDI took place on Monday, wherein 11 members, out of the 15 members have said to have agreed to support the government's move.
Dec 08, 2014, 17:41 PM IST
Insurance stocks rally up to 8% on FDI hope
Stocks of insurance companies surged up to 8.4 percent Wednesday on hopes of hike in foreign direct investment (FDI) limit in the sector.
Dec 03, 2014, 21:38 PM IST
Parliamentary panel may submit report on FDI in Insurance by Dec 12: Reports
The Select Committee has accepted 88 amendments moved by the previous UPA regime. The Parliament Panel on Insurance Bill will meet on Tuesday and Wednesday.
Dec 01, 2014, 10:00 AM IST
Confident about passage of Insurance Bill: Mitra
The chairman of the Select Committee on the Insurance Amendment Bill, Chandan Mitra, Tuesday said that its report would be submitted within the deadline of December 12.
Nov 25, 2014, 16:55 PM IST
Rajya Sabha extends deadline for Select Committee on Insurance Bill
The Select Committee headed by BJP's Chandan Mitra was to submit the report by November 28.
Nov 25, 2014, 13:22 PM IST
Insurance Bill likely to go through in Winter Session: Jaitley
The Winter Session of Parliament, during which the insurance bill is likely to be taken up for discussion and passage, will begin on November 24.
Nov 07, 2014, 21:57 PM IST
Insurance brokers oppose 100% FDI proposal
The insurance broking industry is staunchly opposed to any move to gradually increase FDI in the intermediary segments to 100 percent even as regulator IRDA is examining a top panel's recommendation in this regard.
Oct 15, 2014, 22:29 PM IST
'Hike in FDI cap in insurance will help sector's growth'
The proposed hike in Foreign Direct Investment (FDI) cap from 26 percent to 49 percent in the insurance sector will lead to higher growth of the industry, a top official of United India Insurance company said on Wednesday.
Oct 08, 2014, 14:26 PM IST
