Trinamool Congress on Sunday said it would continue to oppose the bills related to opening the pension sector to foreign investment and raising FDI cap in insurance to 49 per cent, in Parliament. "All bills, including those on privatisation of pension funds and FDI in insurance, should not be brought forward in the current session of Parliament. We will more or less oppose these bills because they will affect the...
02:56 AM, Dec 10, 2012
Parliamentary Affairs Minister Kamal Nath has assured that the UPA has the numbers to pass FDI in retail and said that the Opposition is largely in favour of passing other crucial reforms like the Insurance and Pension bills, albeit with some amendments. ...
08:08 PM, Dec 02, 2012
New Delhi: India Inc on Thursday lauded the Cabinet's decision to approve legislative changes that will allow up to 49 per cent foreign equity in the pension sector and hike such limit in insurance to 49 per cent from 26 per cent, calling it "landmark" and "pathbreaking". The Cabinet meeting, presided over by Prime Minister Manmohan Singh, also approved other long-pending measures such as crucial changes in the Companies Act,...
01:13 AM, Oct 05, 2012
New Delhi: The cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a government minister told reporters on Wednesday. The bills, which require parliamentary approval before becoming law, will likely be taken up in the forthcoming parliamentary session. Their approval on Thursday will come weeks after Prime Minister Manmohan Singh unveiled measures aimed at...
09:49 PM, Oct 03, 2012
New Delhi: The Finance Ministry has proposed that foreign direct investment in insurance and pension sectors be increased to 49 per cent. The Insurance and Pension Bills will now need Cabinet approval before coming up before Parliament. These Bills have already made one trip to the Cabinet, but at the time it was for 26 per cent FDI. When Pranab Mukherjee was the Finance Minister, the Bills had gone to...
02:25 PM, Aug 22, 2012
New Delhi: The Finance Ministry on Friday put up the final Cabinet note on Insurance and Pension bills, proposing 49 per cent foreign direct investment (FDI) in both sectors. According to government sources, the Finance Ministry, under Prime Minister Manmohan Singh is planning to introduce both the bills in the Monsoon Session of Parliament. Sources further said that a political call on the FDI cap is likely to be taken...
06:39 PM, Jun 29, 2012
The Opposition created uproar over the bill and the fight soon got physical. ...
03:54 AM, Dec 23, 2008
CPI-M members almost came to blows with senior ministers on the Bill. ...
04:12 PM, Dec 22, 2008
UPA is now focussing on greater economic liberalisation in pension. ...
03:53 PM, Jul 23, 2008
