Insurance Amendment Bill 2021 seeking to raise FDI cap to 74% passed in Lok Sabha
The Bill was passed in the Rajya Sabha last week on March 18.
Mar 22, 2021, 15:41 PM IST
Edelweiss Financial Services shares surge over 4%
Shares of Edelweiss Financial Services Wednesday surged over 4 percent, after its subsidiary Edelweiss Tokio Life Insurance got necessary approval from FIPB to increase its FDI cap.
Aug 26, 2015, 13:05 PM IST
Government hikes FDI limit in pension sector to 49%
"In pursuance of the enactment of Insurance Regulatory & Development Authority Act, 2013, government has decided to permit FDI in the pension sector...The decision will take immediate effect," said the note from the DIPP.
Apr 27, 2015, 14:49 PM IST
Insurance Bill to be taken up in Winter Session: FinMin
The long pending Insurance Bill, which seeks to raise FDI cap in the sector to 49 percent, is expected to be taken up in the forthcoming Winter Session of Parliament.
Oct 20, 2014, 16:17 PM IST
Nippon to raise stake in Reliance Life post FDI hike
Nippon Life currently holds 26 percent stake in Reliance Life Insurance Company, which it had bought for Rs 3,062 crore.
Sep 03, 2014, 10:15 AM IST
Insurance Bill to be taken up by RS on Monday
The much-delayed Bill, which was listed in the Rajya Sabha agenda on Thursday could not be taken up for discussion as the opposition wanted more time to go through the amendments, sources said.
Jul 31, 2014, 21:53 PM IST
Insurance cos to get much-needed capital from higher FDI: Singh
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.
Jul 18, 2014, 19:41 PM IST
Raising FDI cap in insurance will spur growth: Irda
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.
Jul 18, 2014, 17:41 PM IST
Union Budget 2014: Raising of FDI cap in insurance may help pharma industry
Finance Minister Arun Jaitley on Thursday proposed raising the FDI cap from 26 percent to 49 percent.
Jul 10, 2014, 17:59 PM IST
