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Insurance sector reforms News

25 Dec 2014

Govt fastracks reforms in insurance, coal and pharma sectors

Moving at rapid pace, the Union Cabinet on Wednesday approved key insurance and coal sector reforms which were stuck in Parliament logjam.

24 Dec 2014

Country can't wait if one House of Parliament does not work: Jaitley

With the government pushing key reform measures like insurance and coal block allocation, Finance Minister Arun Jaitley on Wednesday said the country cannot wait even if one of the Houses of Parliament "waits indefinitely".

24 Dec 2014

Govt approves Ordinance to hike FDI in insurance to 49%

Government on Wednesday approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from 26 percent, as the legislation could not be passed in the Parliament session that ended yesterday.

24 Dec 2014

Insurance, coal ordinances show government's determination: Jaitley

Addressing a press conference in the national capital, the Finance Minister said that insurance ordinance is in line with select committee recommendation.

24 Dec 2014

Cabinet approves ordinance on coal, insurance reforms

The Insurance Bill seeks to increase the composite foreign investment limit in insurance companies to 49 percent from current level of 26 percent.

24 Dec 2014

Govt may opt for ordinance to push coal, insurance reforms

Government may adopt the ordinance route to push reforms in insurance and coal sectors as relevant bills could not be taken up in the Rajya Sabha, whose functioning was paralysed in the just-concluded winter session.

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