INSURANCE BILL

  • Faced tease,taunts during passage of Insurance Bill, says Jayant Sinha 5 days ago

    New Delhi: Piloting the Insurance Amendment Bill was not just a political and professional challenge for Jayant Sinha as he also faced "teasing" and "taunts" over the stand his father as a former finance minister took on allowing foreign investment in the sector. Recalling the debate in Parliament on the passing...
  • Rupee breaches 63-mark against, ends 47 paise down at 62.97 on weak stocks March 13, 2015

    Mumbai: The Indian rupee on Friday breached the the 63-mark intra day against the Greenback and ended with a sharp loss of 47 paise at 62.97 on sustained dollar demand from importers amid weakness in local shares. It crossed the 63-level after two months as it hit a low of...
  • PM Modi passes first major economic reform with insurance overhaul March 13, 2015

    New Delhi: Prime Minister Narendra Modi passed his first major economic reform almost a year after coming to power, as Parliament voted late on Thursday to allow more foreign investment in the insurance sector. Lawmakers in the Upper House agreed to increase the foreign investment limit in local insurers to 49...
  • Insurance Bill passed in Rajya Sabha March 12, 2015

    New Delhi: Despite opposition protests, the Rajya Sabha on Thursday passed the insurance sector amendment bill, which seeks to hike the foreign equity cap on domestic companies from 26 per cent to 49 per cent. Formally called the Insurance Laws (Amendment) Bill, the measure seeks to replace an ordinance that was...
  • Insurance Bill in Rajya Sabha after heated debate on technicalities March 12, 2015

    New Delhi: A controversial Bill providing for raising the FDI cap in insurance sector to 49 per cent was introduced in Rajya Sabha on Thursday but not before a heated debate and adjournments over technicalities as a similar legislation was pending in the House. The Insurance Laws (Amendment) Bill, 2015...
  • 10 days after going on sabbatical, Rahul reaches out to Mulayam ahead of crucial week of Parliament March 7, 2015

    New Delhi: Ten days after going on a sabbatical, Congress Vice President Rahul Gandhi on Saturday reached out to Samajwadi Party supremo Mulayam Singh Yadav ahead of the crucial week of Parliament. The Narendra Modi government is aiming at passing Land Acquisition Amendment Bill in Lok Sabha and Insurance Bill in...
  • Bullet News: Catch the day's top stories March 4, 2015

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay March 4, 2015

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • Lok Sabha passes Insurance Bill raising FDI cap to 49 per cent March 4, 2015

    New Delhi: The long-pending Insurance Bill, a key economic reform legislation providing for raising foreign investment cap to 49 per cent, was on Wednesday passed by Lok Sabha with the government insisting that the measure is crucial for expanding the penetration of insurance in the country. The controversial Insurance Laws (Amendment)...
  • Insurance Bill introduced in Lok Sabha amid opposition March 3, 2015

    New Delhi: A key economic reform bill, providing for raising the FDI cap in insurance sector to 49 per cent, was introduced in Lok Sabha on Tuesday amid stiff opposition by Left and TMC. The Insurance Laws (Amendment) bill, 2015, seeks to replace an ordinance issued by the government earlier,...
  • Along with Congress-ruled states, we will focus on India's social issues to take the nation forward, says PM Modi March 3, 2015

    "In a democracy threats do not work. This nation did not bend during the Emergency also," says PM Modi....
  • Centre to take ordinance route to effect changes in Land Acquisition Act December 27, 2014

    New Delhi: After yet another winter session of Parliament was washed out, wherein the Narendra Modi government failed to pass crucial economic reforms, it is now planning the ordinance route to make changes to the Land Acquisition Act. The government plans to exclude 13 central laws to clear several infrastructure and...
  • Cabinet approves ordinances for coal auction, insurance reforms December 24, 2014

    New Delhi: After failing to pass the Insurance Bill as a result of repeated disruptions in the Winter session of Parliament, the government has cleared an ordinance to raise the cap of Foreign Direct Investment (FDI) in the Insurance sector. The Union Cabinet has also cleared the ordinance for implementation...
  • Political obstruction makes PM Modi's road to reform a rocky one December 24, 2014

    New Delhi: Parliamentary obstruction scuppered Prime Minister Narendra Modi's economic agenda in a month-long session that ended on Tuesday, and the prospect of further deadlock means he will find it hard to deliver quickly on promises of reform. Lawmakers left without voting on a long-delayed Bill to raise the cap on...
  • Opposition parties harming people's interests by blocking Bills: Naidu December 22, 2014

    New Delhi: Hitting out at opposition parties, Union Minister M Venkaiah Naidu on Monday said they were raising the conversion issue to derail the Narendra Modi government's agenda of development and good governance and accused them of "blocking" important Bills in Parliament. After the opposition parties stalled proceedings in Parliament, Naidu...
  • Two days left in winter session, fate of Insurance, Coal Bills hang in balance December 20, 2014

    New Delhi: 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. The Insurance Bill, which provides for raising FDI cap from...
  • Will not allow political obstructionism to stop Insurance Bill: Arun Jaitley December 20, 2014

    New Delhi: A day after introducing the long-pending GST Bill in the Lok Sabha, Finance Minister Arun Jaitley on Saturday said the government is "extremely determined" to push insurance sector reforms and will not allow political obstructionism to stop it. "The government is extremely determined to go ahead with this (insurance...
  • Cabinet approves Insurance Bill, Rajya Sabha may take up next week December 10, 2014

    New Delhi: The Cabinet on Wednesday night approved the insurance amendment bill with a composite foreign investment cap of 49 per cent for presenting it in Parliament, incorporating the changes suggested by a House panel. The Cabinet, headed by Prime Minister Narendra Modi, approved incorporation of amendments suggested by a Parliamentary...
  • Parliamentary committee recommends 49 per cent cap on foreign investment in insurance December 10, 2014

    New Delhi: A Parliamentary Committee has recommended a composite cap of 49 per cent on foreign investment in insurance in a report tabled in Rajya Sabha on Wednesday. The Select Committee report said that the cap on foreign investment in insurance include foreign direct investment and foreign portfolio investments. The Congress has...
  • Live: Uproar in Lok Sabha over objectionable remarks by TMC leader Kalyan Banerjee against PM Modi December 10, 2014

    After a delay of almost seven years, the legislative approval to hike foreign direct investment in insurance sector from 26 per cent to 49 per cent may finally come from Parliament. The Select Committee on the Insurance Bill will submit its report to the Rajya Sabha on Wednesday. ...
  • Backed by Congress, Select Committee to submit report on Insurance Bill in Rajya Sabha today December 10, 2014

    New Delhi: After a delay of almost seven years, the legislative approval to hike foreign direct investment in insurance sector from 26 per cent to 49 per cent may finally come from Parliament. The Select Committee on the Insurance Bill will submit its report to the Rajya Sabha on Wednesday. The...
  • The Insurance Bill is anti-people: TMC leader Derek O'Brien December 9, 2014

    In an interview with CNN-IBN, TMC leader Derek O'Brien said that the Insurance Bill was anti-people. "We will keep fighting against the Insurance Bill," he said. ...
  • Select Committee adopts draft report on Insurance Bill, Congress in favour December 8, 2014

    New Delhi: The Select Committee looking into the Insurance Bill on Monday adopted a draft report with a majority of members giving a nod to it. According to sources, at least 11 out of the 15 members agreed to the report by the Chandan Mitra headed committee. The report is likely to...
  • Rajya Sabha extends deadline for Select Committee on Insurance Bill by December 12 November 25, 2014

    New Delhi: Rajya Sabha on Tuesday extended deadline for the Select Committee on the Insurance Amendment Bill and asked it to submit the report by December 12. According to the amendment, the foreign direct investment will be hiked from 26 per cent to 49 per cent. The Opposition parties raised questions...
  • Live: Congress running away from debate on black money, says Ravi Shankar Prasad November 25, 2014

    The winter session of Parliament will have its first working day on Tuesday as it was adjourned on Monday post obituary references. The Narendra Modi government which is aiming to introduce and take up 37 bills is all set to face opposition over the Insurance Bill. After Trinamool Congress, BJP's...
  • Winter session's 1st working day today, Centre to face opposition on Insurance Bill in Parliament November 25, 2014

    New Delhi: The winter session of Parliament will have its first working day on Tuesday as it was adjourned on Monday post obituary references. The Narendra Modi government which is aiming to introduce and take up 37 bills is all set to face opposition over the Insurance Bill. After Trinamool Congress,...
  • Shiv Sena puts forward conditions on support to FDI in Insurance Bill November 24, 2014

    New Delhi: After announcing its support to the BJP-led NDA government at the Centre, Shiv Sena has put forward conditions on its support for the passage of FDI in Insurance Bill. The party has said that it will oppose the Insurance Bill if amendments to help employees and farmers are not...
  • BJP trying to create tension in West Bengal: TMC leader Derek O'Brien November 24, 2014

    Derek O'Brien, member of Parliament for All India Trinamool Congress said that TMC would not allow the Insurance Bill to pass. "Do not need a lecture on patriotism. BJP trying to create tension in West Bengal," said Derek O'Brien. ...
  • Confident that opposition will play a positive role in Parliament: PM Modi November 24, 2014

    New Delhi: Ahead of the first day of the winter session of Parliament, Prime Minister Narendra Modi is hopeful of a productive, fruitful session as his government is aiming to introduce and take up 37 bills in this session, including foreign direct investment hike in insurance. Addressing the media, Modi exuded...
  • Parliament to witness stormy winter session, Modi government aims to take up 37 bills November 24, 2014

    New Delhi: As the winter session of Parliament begins on Monday, it is expected to be a stormy one. The government aims to introduce and take up 37 bills in this session, including Foreign Direct Investment hike in insurance. West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee has already...