FDI In Insurance

  • No end to Insurance Bill deadlock, PM Modi meets Jaitley, Rajnath August 7, 2014

    New Delhi: The Insurance Bill deadlock is likely to rock Parliament on Thursday with the Opposition digging in its heels. The Congress remains firm that the bill be sent to a select committee. Prime Minister Narendra Modi on Thursday called a meeting with Finance Minister Arun Jaitley and Home Minister...
  • UPA's most important member is CBI director: Gadkari October 7, 2012

    Bharatiya Janata Party (BJP) President Nitin Gadkari on Saturday took a dig at the United Progressive Alliance (UPA) government saying that the most important person in the ruling coalition was the director of the Central Bureau of Investigation (CBI). In an interview to IBN18 Editor-in-Chief Rajdeep Sardesai, Gadkari said that the...
  • FM confident insurance, pension bills will be passed October 7, 2012

    Mumbai: Promising more reforms, Finance Minister P Chidambaram on Saturday expressed confidence that the bills on FDI in insurance and pension will be passed in Parliament for which he will soon open dialogue with the opposition parties including the BJP. "There is a difference of opinion (on the issue of...
  • Increasing FDI in insurance a diversionary tactic: Jaya October 7, 2012

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Saturday termed the UPA government's decision to increase FDI limit in the insurance sector to 49 per cent from the current 26 per cent as diversionary and more to anaesthetise the corruption charges against it. "The UPA government is unfazed by the sufferings...
  • BJP questions legal intentions behind FDI in insurance October 6, 2012

    New Delhi: The BJP on Friday questioned the "legal and political intentions" behind allowing 49 per cent FDI in the insurance sector but remained non-committal about its stand in Parliament when the Bill regarding the economic reform comes up for passage. "We have made it very...
  • Cong to garner support on reforms through dialogue October 5, 2012

    New Delhi: The Congress on Friday said it would make earnest efforts through dialogue to arrive at a consensus for smooth passage of the concerned bills in Parliament on major reforms including in insurance and pension sectors. "When there will be dialogue, a way will emerge," party general secretary Janardan Dwivedi...
  • UPA's reforms juggernaut: Highlights of FM's speech October 5, 2012

    Mumbai: With all 21 big ticket items getting cleared by the Cabinet on Thursday, the government has rolled out reforms juggernaut in style. Here is a snapshot of what finance minister P Chidambaram read out on super Thursday. * Cabinet approves insurance and PFRDA Bills, proposes foreign equity cap in both...
  • UPA goes ahead with reforms, clears 49 pc FDI in pension, insurance October 5, 2012

    The cabinet cleared the second edition of big bang reforms allowing 49 per cent FDI in the pension and insurance sector. India Inc has welcomed the move, but the opposition BJP, Left and former ally Trinamool Congress are upset. Insurance reform is widely seen as crucial because estimates say the sector...
  • Can UPA survive its own reforms push? October 4, 2012

    The Cabinet on Monday cleared introduction of FDI in pension and increase in cap in insurance. ...
  • News 360: UPA brings in second wave of reforms October 4, 2012

    The UPA government on Thursday cleared FDI in pension and hiked FDI in insurance to 49 per cent. ...
  • BJP undecided on FDI in insurance, pension October 4, 2012

    New Delhi: In the wake of reforms announced by the government in insurance and pension sectors, the Bharatiya Janata Party on Thursday said while it is not opposed to more foreign direct investment in these areas certain caveats and conditions should be met to "safeguard the interest of the people". However,...
  • India Inc lauds UPA govt for bringing reforms October 4, 2012

    Future Generali MD and CEO Deepak Sood welcomes the government's decision to introduce FDI in pension and increase cap in insurance and says it's a very positive step and something that the industry has been waiting for a very long time. ...
  • BJP, Left oppose UPA's second wave of reforms October 4, 2012

    Both the Left and the BJP have voiced their opposition against the Cabinet's decision to introduce foreign direct investment in pension and increase in the FDI cap in insurance. Addressing a press conference over the measures, Union Finance Minister P Chidambaram said that the cap on the FDI in pension...
  • FDI cap in pension linked to FDI cap in insurance, says Chidambaram October 5, 2012

    New Delhi: The UPA government on Thursday came up with its second wave of big bang reforms as the Cabinet cleared the introduction of foreign direct investment (FDI) in pension and increase in the FDI cap in insurance. Addressing a press conference over the measures, Union Finance Minister P Chidambaram said...
  • To save the country, UPA govt must be ousted: Mamata October 4, 2012

    New Delhi: Raising her pitch against the UPA Government, Trinamool Congress president and West Bengal Chief Minister Mamata Banerjee on Thursday said the government needs to be ousted. "Today, yet another set of anti-people decisions of the Central Government have crossed the Laxman Rekha. These important decisions, which have direct...
  • UPA Cabinet clears changes in Companies Bill October 4, 2012

    New Delhi: The long-pending Companies Bill 2011 was finally cleared by the UPA Cabinet on Thursday. The changes in the Companies Bill aim at improving corporate governance, increasing transparency and making independent directors more accountable. Along with the Companies Bill, the Cabinet also cleared 26 per cent foreign direct investment in...
  • UPA moves ahead on reforms, FDI in pension, FDI hike in insurance cleared October 4, 2012

    New Delhi: The UPA appears to be unfazed by the opposition to its reforms measures, as the Union Cabinet, in yet another major step, has finally given a go-ahead to introducing foreign direct investment (FDI) in pension and hiking the cap in insurance. According to sources, the Cabinet cleared as much...
  • Rupee at a new high as govt pushes for more reforms October 4, 2012

    Mumbai: The rupee rose to a five-and-a-half-month high on Thursday, as the government looked set to push forward with more fiscal and economic reforms, sparking a rally in stocks that is expected to attract more foreign investor inflows. The Cabinet was due to meet on Thursday to approve bills that would...
  • CPI will oppose reforms, says MP Gurudas Dasgupta October 4, 2012

    CPI MP Gurudas Dasgupta has said that his party will opppose FDI in pension and insurance in Parliament. He said the government is on a suicidal path and is working at the behest of domestic and foreign capitalists. ...
  • Important reforms on UPA govt's agenda October 4, 2012

    New Delhi: Keeping with its promise that "reforms are here to stay", the UPA government is planning to introduce more reforms in the country. The latest being the 26 per cent FDI in pension and 46 per cent in insurance, which the Cabinet is expected to clear on Thursday. But...
  • UPA will give pension money to foreigners: Mamata October 4, 2012

    Kolkata: The Trinamool Congress has attacked the government over introducing foreign direct investment (FDI) in pension and increasing the FDI cap in insurance. The party led by West Bengal Chief Minister Mamata Banerjee has reiterated that it will oppose the move by the government in Parliament. Speaking to mediapersons, Trinamool Congress...
  • Pension FDI, hiking cap in insurance: Stand of parties October 4, 2012

    New Delhi: Even as the share markets surge ahead of Congress-led United Progressive Alliance (UPA) Government's second round of reforms, the Opposition is getting ready to stymie the move. The UPA Cabinet is expected to clear 26 per cent foreign direct investment (FDI) in pension and raise the cap in...
  • Oppn up in arms as UPA prepares for more reforms October 4, 2012

    New Delhi: The Opposition is already up in arms against more reforms by the UPA government as the Cabinet is expected to clear 26 per cent FDI in pension and raise the cap in insurance to 49 per cent on Thursday. The Bharatiya Janata Party (BJP) is opposed to raising...
  • Cabinet set to approve, increase FDI in pension, insurance October 4, 2012

    New Delhi: The UPA government is set for a second push for Prime Minister Manmohan Singh's reform measures. The Cabinet is expected to clear 26 per cent FDI in pensions and 46 per cent in insurance on Thursday. Currently, no foreign investment is allowed in the pension sector and only...
  • Cabinet to discuss insurance, pension bills tomorrow October 3, 2012

    New Delhi: After FDI in retail, the Cabinet is likely give a push to another round of reforms on Thursday. The Cabinet will take up the long-pending insurance and pension bills on Thursday. The amended bills propose hiking foreign investment limit to 49 per cent from the present 26 per...
  • Govt may announce overhaul of food security system September 24, 2012

    New Delhi: It is expected to rain more reforms as the Union Cabinet is set to meet on Monday. A massive overhaul of the Public Distribution System is on the cards. Sources say the government is likely to pump in Rs 42,000 crore to check the leakage in the system....
  • Govt may put FDI in insurance on hold for now September 21, 2012

    New Delhi: The government is likely to put the increase in foreign direct investment (FDI) cap on insurance on hold for now. Union HRD Minister Kapil Sibal has told CNN-IBN that the move could be put on hold as it required legislation. The Union Minister said that the government did not...
  • After FDI in retail, Centre plans hike in FDI insurance cap September 21, 2012

    Sources say that the Centre could hike FDI cap in insurance from 26 per cent to 49 per cent. An announcement is likely next week. ...
  • Govt may hike insurance FDI, fast track divestment September 20, 2012

    New Delhi: On a day when all the opposition parties and even some supporters of the United Progressive Alliance (UPA) government organised a nation-wide bandh over the recent steps taken by the Centre, sources say that the government is likely to go ahead with more reform measures. After biting the bullet...
  • Government likely to increase FDI in insurance September 20, 2012

    New Delhi: Despite facing the heat over the hike in diesel prices and reforms in foreign direct investment (FDI) in retail, the government has decided to go ahead with some more reforms. According to sources, the government is likely to go ahead with insurance reforms next week. It is expected that...