Financial stocks gain on insurance bill hopes
Hopes of increase in insurance FDI today pushed the share prices higher for the companies with interest in the insurance sector, with Max India leading the charts with over 11 percent gains.
Mar 12, 2015, 13:07 PM IST
Insurance Bill to be taken up in Rajya Sabha today
Formally called the Insurance Laws (Amendment) Bill, it seeks to replace an ordinance that was promulgated earlier.
Mar 12, 2015, 09:32 AM IST
Insurance unions give one-day strike call on Mar 9
Employee unions of the four state-owned non-life insurers and LIC have given a one-day strike call on March 9 to protest against the Insurance Bill.
Mar 05, 2015, 20:51 PM IST
Insurance unions give one-day strike call on Mar 9
Employee unions of the four state-owned non-life insurers and LIC have given a one-day strike call on March 9 to protest against the Insurance Bill.
Mar 05, 2015, 19:58 PM IST
Despite Lok Sabha nod, fate of Insurance Bill hangs in balance
Fate of the Insurance Bill hangs in balance with the Congress expressing its opposition to the manner in which it was brought and approved by Lok Sabha and the government hinting at the possibility of a Joint Session to clear the key reform measure.
Mar 04, 2015, 22:13 PM IST
Insurance Bill gets Lok Sabha nod; set to face hurdles in Rajya Sabha
The controversial Insurance Bill, a key reform legislation, Wednesday cleared the Lok Sabha hurdle easily but the problem of numbers in Rajya Sabha prompted the government to say that it will convene Joint Session if it is defeated in the Upper House.
Mar 04, 2015, 18:56 PM IST
Lok Sabha passes Insurance Bill to replace Ordinance
Lok Sabha on Wednesday passed the Insurance Bill to replace an ordinance in this regard.
Mar 04, 2015, 18:07 PM IST
Opposition in Rajya Sabha attacks govt on Insurance Bill introduction in Lok Sabha
Opposition parties on Wednesday renewed its attack on the government for bringing a bill in Lok Sabha to amend the insurance law to allow 49 percent FDI in the sector, when a similar bill was pending in the Upper House.
Mar 04, 2015, 14:03 PM IST
Insurance Bill introduced in Lok Sabha amid opposition
A key economic reform bill, providing for raising the FDI cap in insurance sector to 49 percent, was introduced in Lok Sabha Tuesday amid stiff opposition by Left and TMC.
Mar 03, 2015, 15:28 PM IST
Govt introduces Insurance Bill in Lok Sabha
The government on Tuesday introduced the Insurance Bill in the Lok Sabha which will replace an ordinance that was brought in to allow for higher foreign equity participation in Indian insurance companies.
Mar 03, 2015, 09:11 AM IST
Up to 26% FDI in insurance allowed via automatic route
The government on Friday said up to 26 percent FDI in insurance companies will be allowed through automatic route, as it notified rules to increase foreign direct investment ceiling in the sector to 49 percent.
Feb 20, 2015, 20:53 PM IST
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.
Dec 24, 2014, 16:35 PM IST
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".
Dec 24, 2014, 16:26 PM IST
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.
Dec 24, 2014, 13:43 PM IST
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.
Dec 24, 2014, 13:31 PM IST
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.
Dec 24, 2014, 11:40 AM IST
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.
Dec 23, 2014, 15:10 PM IST
Fate of Insurance, Coal bills hangs in balance
With only two working days left in the winter session of Parliament, the fate of the government's economic reform agenda, particularly the Insurance Bill and the Coal Bill, hangs in balance in view of strong opposition by some parties.
Dec 20, 2014, 20:58 PM IST
Will not allow political obstructionism to derail reforms: FM Jaitley
"The government is extremely determined to go ahead with this (insurance sector) reform and will not allow a Parliamentary disturbance to obstruct or delay a reform of this kind," he said while addressing a Ficci function.
Dec 20, 2014, 12:10 PM IST
Modi may use executive order to pass insurance, coal bills
Prime Minister Narendra Modi may consider an executive order to pass legislation overhauling the insurance and coal industries after parliamentary clashes raised concern about his ability to pass reforms to revive the economy.
Dec 19, 2014, 18:46 PM IST
