Union Budget 2021: FDI cap in insurance sector raised from 49% to 74%
Finance Minister Nirmala Sitharaman said the foreign direct investment limit will be hiked to 74 percent from 49 percent in the insurance sector in her Union Budget 2021 speech in Parliament today. She also proposed to amend the Insurance Act 1938 to increase the permissible FDI limit in insurance companies, allowing foreign ownership and control with safeguards.
Feb 01, 2021, 16:34 PM IST
HDFC to sell 9% stake in HDFC Life to UK firm for over Rs 1700 crore
HDFC on Friday said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.
Aug 14, 2015, 23:47 PM IST
Insurance Bill likely to be introduced in Parliament today
With the deadlock between government and opposition continuing, the controversial Insurance Bill is likely to be introduced in Parliament on Tuesday.
Aug 12, 2014, 10:29 AM IST
RSS-linked trade union opposes FDI in insurance, threatens stir
The government's headache over the controversial Insurance Bill grew Tuesday as RSS-linked Bharatiya Mazdoor Sangh threatened to go on a strike along with other trade unions opposing the legislation allowing 49 percent FDI in insurance sector.
Aug 06, 2014, 13:37 PM IST
