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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 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.

Passage of Insurance Bill remains an unfulfilled dream this year

Last Updated: Thursday, December 19, 2013, 16:29

The insurance industry, which has been hit by money laundering allegations, is looking for the revival of the economy for a pick up as elusive political consensus continues to hold up the raising of foreign investment limit in the sector.

Efforts on to pass Insurance Bill in winter session: Minister

Last Updated: Friday, December 06, 2013, 15:32

Government will make all efforts to pass the Insurance Laws (Amendment) Bill in the ongoing winter session of Parliament, Minister of State for Finance J D Seelam said on Friday.

FM meets Sushma, Jaitley on Insurance, DTC Bills

Last Updated: Thursday, December 05, 2013, 18:21

Keen to get key reforms bills passed, Finance Minister P Chidambaram has reached out to opposition BJP to get Parliament approval for the long-awaited Insurance Bill and Direct Taxes Code Bill in the Winter session that began Thursday.

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.

FM to meet opposition leaders tomorrow on insurance bill

Last Updated: Friday, August 02, 2013, 20:45

Keen to get the insurance bill approved in the monsoon session of Parliament, Finance Minister P Chidambaram will meet leaders of opposition parties tomorrow in a bid to arrive at a consensus on hiking the foreign investment cap in the sector to 49 percent.

FM to meet opposition leaders on insurance bill on Aug 3

Last Updated: Wednesday, July 31, 2013, 20:26

Keen to get insurance bill approved in the ensuing monsoon session of Parliament, Finance Minister P Chidambaram Wednesday said he will meet leaders of the opposition parties on August 3 to arrive at a consensus on hiking foreign investment cap in the sector to 49 percent.