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USIBC seeks relaxation in FDI norms in insurance and defence

USIBC seeks relaxation in FDI norms in insurance and defence

Last Updated: Wednesday, July 09, 2014, 12:41

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.

Govt proposes 49% FDI in insurance, caps voting rights to 26%

Last Updated: Monday, July 07, 2014, 20:12

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.

Private insurers meet FM; pitch for raising FDI ceiling to 49%

Last Updated: Thursday, June 19, 2014, 21:37

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.

Insurance stocks gain 9% on hopes of FDI hike

Last Updated: Wednesday, June 04, 2014, 17:22

Stock prices of insurance companies saw renewed buying interest and surged up to 9 percent in view of the reports that government is contemplating raising FDI cap in the sector.

Insurance stocks spurt up to 10.5% on FDI buzz

Last Updated: Monday, June 02, 2014, 18:51

Finance Ministry is contemplating raising FDI cap in insurance sector from 26 percent to 49 percent with some riders like restriction on voting right.

FinMin looking at raising FDI cap in insurance with riders

Last Updated: Monday, June 02, 2014, 18:42

Finance Ministry is contemplating raising FDI cap in insurance sector from 26 percent to 49 percent with some riders like restriction on voting right.

India-EU free trade pact not likely in 3-4 years: Think tank

Last Updated: Sunday, December 08, 2013, 15:23

"It's (conclusion of India-EU free trade pact, also known as BTIA) not likely to happen in the next three to four years," the European Centre for International Political Economy (ECIPE) director Fredrik Erixon has said.

'Low FDI cap in insurance an issue in India-EU trade pact'

Last Updated: Wednesday, December 04, 2013, 23:12

Low FDI cap in the insurance sector is an 'outstanding issue' for India-EU free trade pact and the EU is waiting for the Indian Parliament to pass the bill that aims to raise the limit, a European Union official has said.

GICA to seek support of public against Insurance Bill

Last Updated: Saturday, November 23, 2013, 19:50

The General Insurance Employees' Association will seek support of the public, particularly over 30 crore policyholders, to defeat the government move to pass the Insurance Bill in Parliament, which would adversely affect the public insurance sector, a top association official said.

FM confident of pushing insurance Bill in Winter session

Last Updated: Friday, November 01, 2013, 20:00

The government will push the long pending insurance bill in the Winter session of Parliament, Finance Minister P Chidambaram said on Friday.

Govt keen to push insurance Bill in Winter session

Last Updated: Sunday, October 27, 2013, 10:49

According to sources, the government is also looking at the possibility of allowing 23 percent FII investment, over and above the existing FDI ceiling of 26 percent in the sector.

Is higher FDI limit in insurance a threat for public sector insurers?

Last Updated: Friday, July 05, 2013, 12:47

The massive potential in the Indian life and non-life insurance sector has encouraged large private financial services companies to form joint ventures with global insurers.