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Insurance Bill sent to Select Committee of Rajya Sabha

Last Updated: Thursday, August 14, 2014, 13:11

Giving in to opposition pressure, the government on Thursday referred the controversial Insurance Bill to the Select Committee of Rajya Sabha.

Insurance Bill: Govt bows to oppn demand for select panel

Last Updated: Wednesday, August 13, 2014, 23:20

With a view to gaining support, the government has made it clear that it is amenable to amendments in the bill.

Insurance Bill likely to be soon referred to Select Committee

Last Updated: Wednesday, August 13, 2014, 00:15

The bill, which proposes hike in FDI in insurance sector to 49 per cent, has been caught in a logjam with Congress-led Opposition insisting on referring it to a Select Committee.

Government to take final call on Insurance Bill today?

Last Updated: Thursday, August 07, 2014, 09:21

The Insurance Laws Amendment Bill was introduced in the Rajya Sabha in 2008.

No all party meeting on Insurance Bill today

Last Updated: Wednesday, August 06, 2014, 09:03

The government is waiting for Congress response which has been given two days to reply, as per sources.

PM faces early resistance in insurance reform push

Last Updated: Tuesday, August 05, 2014, 15:51

Jaitley needs the support of the opposition in the 250-member upper house of parliament where his Bharatiya Janata Party (BJP) and its allies have about 60 members.

Insurance scrips gain as Cabinet clears FDI to 49%

Last Updated: Thursday, July 24, 2014, 20:23

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.

Insurers gain after cabinet approves FDI hike

Last Updated: Thursday, July 24, 2014, 14:29

The FDI hike to 49 percent from 26 percent had been proposed in the federal budget early this month.

Cabinet clears 49% FDI in insurance; to fetch Rs 25K cr funds

Last Updated: Thursday, July 24, 2014, 13:22

The approval to hike the FDI limit from the current 26 percent, a proposal which has been pending since 2008.

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.

'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.