Government working overtime to push reforms: Jaitley
India's economic growth rate will accelerate to 6.5 percent next year and 7 percent thereafter, Finance Minister Arun Jaitley said on Friday.
Dec 12, 2014, 14:51 PM IST
Govt inches closer to raising foreign investment cap in insurance to 49%
The hike in foreign investment limit is estimated to attract about Rs 25,000 crore of overseas funds in the sector.
Dec 10, 2014, 19:07 PM IST
Parliamentary Committee report on insurance pitches for 49% foreign investment cap
At present, a limit of 26 percent is allowed only through the FDI route.
Dec 10, 2014, 12:11 PM IST
Panel favours 49% FDI in insurance; report to be presented in Parl Wednesday
The report of the 15-member Parliamentary committee on the Insurance Amendment Bill, held up for nearly six years, is likely to be placed before the Rajya Sabha Wednesday.
Dec 09, 2014, 20:08 PM IST
Confident about passage of Insurance Bill: Mitra
The chairman of the Select Committee on the Insurance Amendment Bill, Chandan Mitra, Tuesday said that its report would be submitted within the deadline of December 12.
Nov 25, 2014, 16:55 PM IST
Rajya Sabha extends deadline for Select Committee on Insurance Bill
The Select Committee headed by BJP's Chandan Mitra was to submit the report by November 28.
Nov 25, 2014, 13:22 PM IST
'Hike in FDI cap in insurance will help sector's growth'
The proposed hike in Foreign Direct Investment (FDI) cap from 26 percent to 49 percent in the insurance sector will lead to higher growth of the industry, a top official of United India Insurance company said on Wednesday.
Oct 08, 2014, 14:26 PM IST
United India Insurance keen to re-enter overseas markets
Public sector general insurer United India Insurance has said it is looking to re-enter the overseas markets and will soon carry out a feasibility study to assess the business potential.
Sep 28, 2014, 16:30 PM IST
FM hopeful of Parliament nod on Insurance Bill by year-end
Finance Minister Arun Jaitley on Tuesday expressed hope that long-pending Insurance Bill seeking to hike FDI cap to 49 percent will be passed by Parliament by the end of this year.
Aug 26, 2014, 15:41 PM IST
Insurance Bill further delayed, informal talks on
As the Opposition stuck to its stand, government sought their cooperation for passage of the "most progressive reform" at a time when penetration of insurance was very low.
Aug 05, 2014, 21:01 PM IST
Govt defers plans to move Insurance Bill in RS today, tries backchannel talks
The Insurance Laws (Amendment) Bill, the NDA government's first major reform initiative, will not be taken up for discussion in the Rajya Sabha on Monday.
Aug 04, 2014, 06:14 AM IST
Insurance Bill: 9 parties want it to be sent to Select Committee
Uncertainty loomed over immediate passage of the Insurance Bill, Modi government's first major reform initiative to raise FDI cap in the sector to 49 percent, with nine parties including the Congress giving notice in Rajya Sabha for referring the bill to Select Committee.
Aug 01, 2014, 19:04 PM IST
Rajya Sabha to discuss Insurance Bill on Monday
The Rajya Sabha is likely to take up for discussion on Monday the Insurance Bill which seeks to hike foreign investment cap in the sector to 49 percent with a rider that management control remains with Indian promoters.
Jul 31, 2014, 14:24 PM IST
Insurance Bill likely to be introduced in Rajya Sabha on Monday
Insurance Amendment Bill is likely to be taken up for discussion in the Rajya Sabha on Monday, Finance Minister Arun Jaitley said on Thursday.
Jul 31, 2014, 10:02 AM IST
Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr
Private sector insurers welcomed the government move to increase foreign holdings to 49 percent from the existing 26 percent saying the move will benefit companies and customers and would help bring in new technology and better services.
Jul 24, 2014, 22:18 PM IST
'Nod to 49% FDI in insurance to drive capital infusion'
Welcoming the Cabinet approval to raise FDI ceiling in insurance, India Inc on Thursday said the move will drive capital infusion in the cash-starved sector by attracting investments from foreign players, enhance insurance cover and push firms to provide long-term savings vehicles.
Jul 24, 2014, 19:25 PM IST
Cabinet clears 49% FDI in insurance; to fetch Rs 25K cr funds
The approval to hike the FDI limit from the current 26 percent, a proposal which has been pending since 2008.
Jul 24, 2014, 13:22 PM IST
