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India-EU FTA talks stuck; insurance could be game spoiler

Last Updated: Wednesday, May 15, 2013, 21:52

Talks between India-EU chief negotiators on FTA Wednesday got stuck with the European bloc making clear that the pact cannot proceed unless the insurance sector was further opened up by New Delhi.

Propsoal to hike FDI insurance: ICEU threatens strike

Last Updated: Wednesday, December 12, 2012, 21:35

Insurance Corporation Employees' Union (ICEU) Wednesday threatened to go on nation-wide strike protesting against the government's proposal to increase foreign direct investments in insurance sector to 49 percent from present 26 percent.

In comes Chidu, up goes Sensex!

Last Updated: Friday, October 12, 2012, 12:55

The lawyer turned politician P Chidambaram just loves to play the market and as always his North Block stint has given Sensex an unusual high. For the record his latest innings that began on July 31, 2012 has evidenced Sensex put up its best performance this year breaching the 19,000 mark on Thursday.

Reforms in India necessary to create competitive economy: IIF

Last Updated: Friday, October 05, 2012, 13:12

The new set of economic reforms announced by India are necessary to create a more competitive economy, Institute of International Finance (IIF) has said, welcoming the UPA Government's decision on opening up more sectors to foreign direct investment.

Nod to FDI hike in insurance will turn market sentiments: Experts

Last Updated: Friday, October 05, 2012, 00:23

Agreeing that not all foreign partners of domestic insurers will pump in capital when allowed to increase stakes to 49 percent, insurance sector experts said Thursday the union cabinet nod will rekindle investors' animal spirits.

India Inc hails govt's decision on insurance, pension funds

Last Updated: Thursday, October 04, 2012, 23:28

India Inc on Thursday termed government's second wave of reforms, including decisions to open the pension sector to foreign investment and raising the FDI cap in insurance to 49 percent, as "path-breaking and landmark".

In comes Chidu, up goes Sensex!

Last Updated: Thursday, October 04, 2012, 22:34

The lawyer turned politician P Chidambaram just loves to play the market and as always his North Block stint has given Sensex an unusual high. For the record his latest innings that began on July 31, 2012 has evidenced Sensex put up its best performance this year breaching the 19,000 mark on Thursday.

UPA out to sell country`s interests: Left

Last Updated: Thursday, October 04, 2012, 20:54

Left parties on Thursday came down heavily on the government for deciding on a series of second-generation of reforms.

Mamata Banerjee asks UPA partners to quit Manmohan government

Last Updated: Thursday, October 04, 2012, 20:13

Mamata Banerjee described as `immoral and unethical` the decision by the `minority` govt at Centre on hike in FDI in insurance and pension sectors.

Cabinet approves FDI in insurance, pension

Last Updated: Thursday, October 04, 2012, 08:29

Government on Thursday unleashed a second wave of reforms deciding to open the pension sector to foreign investment and raising the FDI cap in insurance to 49 percent, undeterred by opposition to its decisions on FDI in retail and threats to block these legislations.

Cabinet to consider FDI in pension, insurance Thursday

Last Updated: Wednesday, October 03, 2012, 19:19

In another round of big-ticket reforms, the Union Cabinet will consider on Thursday raising the FDI cap in insurance sector to 49 percent and opening the pension sector to foreign investment besides creation of a National Investment Board.

Govt likely to hike FDI cap in insurance today

Last Updated: Monday, September 24, 2012, 09:32

The Cabinet meeting scheduled on Monday is likely to consider a hike on foreign direct investment (FDI) in insurance sector.