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Cabinet clears 49% FDI in insurance; bill to be presented in Parliament

Cabinet clears 49% FDI in insurance; bill to be presented in Parliament

Last Updated: Thursday, July 24, 2014, 09:42

The proposal to raise FDI cap has been pending since 2008 when the previous UPA government came up with Insurance Laws (Amendment) Bill.

Union Cabinet clears 49% FDI in insurance sector

Last Updated: Thursday, July 24, 2014, 09:25

The Union Cabinet on Thursday cleared the proposal to raise foreign direct investment (FDI) in the insurance sector from the current 26 percent to 49 percent.

Now, car insurance renewal every five years?

Now, car insurance renewal every five years?

Last Updated: Tuesday, July 22, 2014, 12:28

These policies could also be cheaper as compared with the earlier policies. IRDA also aims to use this long-term policy cover to promote insurance, especially in rural areas.

'Insurance FDI via FIPB reduces regulator's powers'

Last Updated: Saturday, July 19, 2014, 14:16

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.

Insurance cos to get much-needed capital from higher FDI: Singh

Last Updated: Friday, July 18, 2014, 19:41

Welcoming the government's proposal to hike FDI ceiling in insurance sector to 49 percent, Fortis Healthcare Executive Chairman Malvinder Mohan Singh on Friday said the move would help insurance firms attract much-needed capital from overseas partners.

Raising FDI cap in insurance will spur growth: Irda

Last Updated: Friday, July 18, 2014, 17:41

Raising FDI cap in the insurance sector will spur growth in this industry, ensuring entry of more players, Insurance Regulatory and Development Authority said on Friday.

LIC hikes stake in Infosys; buys shares worth Rs 1,100 cr

Last Updated: Sunday, July 13, 2014, 19:11

State-owned life insurer LIC has shored up its stake in Infosys to 3.82 percent, purchasing shares worth about Rs 1,100 crore in the April-June quarter.

ICICI to list insurance units when valuations optimum: Kochhar

Last Updated: Sunday, July 13, 2014, 11:55

"But the thing is that we do not really need capital, whether it is in the bank or in the insurance company," Kochhar said.

Insurance Bill may be taken up in current session: FinMin

Last Updated: Sunday, July 13, 2014, 11:00

The ruling BJP had earlier opposed raising the FDI cap in the insurance sector from 26 percent to 49 percent.

BJP speaking Congress` language on FDI: Rajiv Shukla

Last Updated: Saturday, July 12, 2014, 15:26

Congress leader Rajiv Shukla on Saturday hit out at the BJP for the Centre`s decision to implement FDI in defence and insurance.

Jaitley hopeful of BJP support on 49% FDI in insurance

Last Updated: Friday, July 11, 2014, 11:41

Currently foreign direct investment (FDI) is allowed up to 26 percent in the private insurance companies.

FDI in insurance to be hiked to 49%: Jaitley

Last Updated: Thursday, July 10, 2014, 12:40

The move would help insurance firms to get much needed capital from overseas partners.