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Insurance Bill: 9 parties want it to be sent to Select Committee

Insurance Bill: 9 parties want it to be sent to Select Committee

Last Updated: Friday, August 01, 2014, 19:04

Uncertainty loomed over immediate passage of the Insurance Bill, Modi government's first major reform initiative to raise FDI cap in the sector to 49 percent, with nine parties including the Congress giving notice in Rajya Sabha for referring the bill to Select Committee.

Rajya Sabha to discuss Insurance Bill on Monday

Rajya Sabha to discuss Insurance Bill on Monday

Last Updated: Thursday, July 31, 2014, 14:24

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.

Insurance Bill likely to be introduced in Rajya Sabha on Monday

Last Updated: Thursday, July 31, 2014, 10:02

Insurance Amendment Bill is likely to be taken up for discussion in the Rajya Sabha on Monday, Finance Minister Arun Jaitley said on Thursday.

Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr

Last Updated: Thursday, July 24, 2014, 22:18

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.

'Nod to 49% FDI in insurance to drive capital infusion'

Last Updated: Thursday, July 24, 2014, 19:25

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.

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.

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.

Jammu And Kashmir Bank to sell stake in insurance venture

Last Updated: Thursday, June 05, 2014, 14:54

Jammu And Kashmir Bank Ltd will raise 5-6 billion rupees (USD 84- USD 101 million) by selling its 5 percent equity holding in a life insurance company by the end of this year.

FinMin looking at insurance funding without raising FDI cap

Last Updated: Thursday, May 29, 2014, 21:08

The Finance Ministry is looking at ways in which private insurance companies can be allowed to raise more funds without hiking the foreign direct investment cap in the sector to 49 percent.

Air India invites bid for insurance of 105-aircraft fleet

Last Updated: Wednesday, May 14, 2014, 20:58

Air India on Wednesday invited bids from Indian companies for renewal of insurance for its entire 105- aircraft fleet worth a whopping nine billion US dollars, even as it is in the process of acquiring the remaining 13 of the 27 Dreamliners it has ordered.

United India eyes Rs 11,000 cr premium in 2014-15

Last Updated: Friday, April 25, 2014, 16:20

United India Insurance Company has set a target of reaching Rs 11,000 crore premium during the current financial year.