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FDI limit News

19 Mar 2021

LIC employees protest against FDI limit hike in insurance sector

The LIC employees are protesting against the government's proposal to privatise the corporation and enhance the FDI limit in the insurance sector he All India Insurance Employee's Association (AIIEA) has called the strike along with other trade unions from the industry FM Nirmala Sitharaman proposed to amend the Insurance Act 1938 to increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies

03 Dec 2019

Jet Airways crisis: MPs to raise issue again as employees seek govt help

Several MPs cutting across party lines have expressed their support for the early revival of the now grounded Jet Airways, saying that they will again raise the issue in the ongoing winter session of Parliament.

Idea-Vodafone mobile tower sale

25 Feb 2018

Govt awaits Idea-Vodafone tower sale closure for green signal to mega merger

ATC will pay a total of Rs 7,850 crore for purchasing Idea (Rs 4,000 crore ) and Vodafone's (Rs 3,850 crore) mobile towers.

10 Nov 2015

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Foreign direct investment

08 Jan 2015

FDI hike would benefit Indian private non-life insurers: Moody's

The increase in foreign direct investment (FDI) limit by 23 percent to 49 percent is expected to alleviate the capital pressure on Indian private non-life insurers, global credit rating agency Moody`s Investor Service (MIS) said Thursday.

Public sector insurer

13 Sep 2014

LIC favours raising FDI cap in insurance sector to 49%

Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee that is evaluating amendments to a Bill pending for four years in Rajya Sabha.

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