Chidambaram happy with govt decision to push Insurance Bill
Expressing satisfaction over the NDA government's decision to push the insurance bill, former Finance Minister P Chidambaram on Thursday said each government should build on the accomplishment of the previous one.
Jul 31, 2014, 15:02 PM IST
Rajya Sabha to discuss Insurance Bill on Monday
The Rajya Sabha is likely to take up for discussion on Monday the Insurance Bill which seeks to hike foreign investment cap in the sector to 49 percent with a rider that management control remains with Indian promoters.
Jul 31, 2014, 14:24 PM IST
Insurance Bill likely to be introduced in Rajya Sabha on Monday
Insurance Amendment Bill is likely to be taken up for discussion in the Rajya Sabha on Monday, Finance Minister Arun Jaitley said on Thursday.
Jul 31, 2014, 10:02 AM IST
IRDA Chairman expects insurance companies to get listed
Welcoming the hike in foreign holdings in the insurance sector, IRDA (Insurance Regulatory and Development Authority Chairman T S Vijayan today expressed the hope that the move would finally enable companies to enter capital markets.
Jul 25, 2014, 00:34 AM IST
Profit not bad word, resources needed to service poor: FM
Referring to budget proposals, Finance Minister Arun Jaitley said the government has made efforts to help the middle class save and spend.
Jul 24, 2014, 23:10 PM IST
Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr
Private sector insurers welcomed the government move to increase foreign holdings to 49 percent from the existing 26 percent saying the move will benefit companies and customers and would help bring in new technology and better services.
Jul 24, 2014, 22:18 PM IST
Insurance scrips gain as Cabinet clears FDI to 49%
Shares of companies that run insurance business rose by as much as 4 percent after the Cabinet today gave go-ahead to FDI cap hike in the sector to 49 percent with a rider that management control will remain in the hands of Indian promoters.
Jul 24, 2014, 20:23 PM IST
'Nod to 49% FDI in insurance to drive capital infusion'
Welcoming the Cabinet approval to raise FDI ceiling in insurance, India Inc on Thursday said the move will drive capital infusion in the cash-starved sector by attracting investments from foreign players, enhance insurance cover and push firms to provide long-term savings vehicles.
Jul 24, 2014, 19:25 PM IST
Nifty hits record high on reform hopes
The Nifty rose to a record high for a second straight session on Thursday after cabinet approval for a higher foreign direct investment limit in insurance and a rejig in foreign debt limits reinforced optimism about the government`s reform agenda.
Jul 24, 2014, 17:06 PM IST
Insurers gain after cabinet approves FDI hike
The FDI hike to 49 percent from 26 percent had been proposed in the federal budget early this month.
Jul 24, 2014, 14:29 PM IST
Cabinet clears 49% FDI in insurance; to fetch Rs 25K cr funds
The approval to hike the FDI limit from the current 26 percent, a proposal which has been pending since 2008.
Jul 24, 2014, 13:22 PM IST
Cabinet clears 49% FDI in insurance; bill to be presented in Parliament
The proposal to raise FDI cap has been pending since 2008 when the previous UPA government came up with Insurance Laws (Amendment) Bill.
Jul 24, 2014, 09:42 AM IST
'Insurance FDI via FIPB reduces regulator's powers'
The central government`s proposal to approve foreign direct investment (FDI) in the insurance sector through the Foreign Investment Promotion Board (FIPB) is seen as clipping the sectoral regulator`s wings and also a face saving measure by the BJP, say insurance officials.
Jul 19, 2014, 14:16 PM IST
Insurance Bill may be taken up in current session: FinMin
The ruling BJP had earlier opposed raising the FDI cap in the insurance sector from 26 percent to 49 percent.
Jul 13, 2014, 11:00 AM IST
Jaitley hopeful of BJP support on 49% FDI in insurance
Currently foreign direct investment (FDI) is allowed up to 26 percent in the private insurance companies.
Jul 11, 2014, 11:41 AM IST
FDI in insurance to be hiked to 49%: Jaitley
The move would help insurance firms to get much needed capital from overseas partners.
Jul 10, 2014, 12:40 PM IST
USIBC seeks relaxation in FDI norms in insurance and defence
The US India Business Council (USIBC) has sought an increase in FDI cap in key sectors like insurance and defence in Modi government's maiden Budget to be presented on Wednesday.
Jul 09, 2014, 12:41 PM IST
Govt proposes 49% FDI in insurance, caps voting rights to 26%
The government plans to increase foreign direct investment in the insurance sector to 49 percent with a rider that voting right of overseas partner will remain capped at 26 percent.
Jul 07, 2014, 20:12 PM IST
Private insurers meet FM; pitch for raising FDI ceiling to 49%
Industry has been demanding raising FDI limit to 49 percent from 26 percent at present so that they get the much needed capital to enhance their business.
Jun 19, 2014, 21:37 PM IST
