Insurance Bill

  • Insurance Bill in Winter session of Parliament: Arun Jaitley August 30, 2014

    New Delhi: Optimistic of passing the Insurance Bill in the next session of Parliament, Finance Minister Arun Jaitley on Friday hoped Congress which mooted the hike in FDI cap to 49 per cent in the sector will not oppose it. "I am reasonably confident. Any political party which have mooted the...
  • Insurance Bill proposing a hike in FDI limit sent to 15 member select committee August 14, 2014

    New Delhi: The Insurance bill that proposes to hike the FDI limit in insurance to 49% has been sent to a 15 member select committee. The committee comprises of BJP's Chandan Mitra, Mukhtar Abbas Naqvi, JP Nadda, Congress' Anand Sharma, JD Seelam, BSP MP SC Mishra, JDU's KC Tyagi, CPI's...
  • Parliament panel to review insurance bill in setback for government August 14, 2014

    New Delhi: The NDA government sent a landmark bill to liberalise the insurance sector to a parliament committee on Thursday after the opposition opposed the legislation in the upper house where it has a majority. Finance Minister Arun Jaitley said a select committee will examine the bill to increase the cap...
  • Centre uncertain about passing changes in Juvenile Justice Act in current session August 7, 2014

    New Delhi: The amended Juvenile Justice Act could be sent to Parliament Standing Committee. After the Cabinet cleared the move to amend the Juvenile Justice Act on Wednesday allowing magistrates the power to decide if juveniles above the age of 16 who are involved in heinous crimes like rape and murder...
  • Most opposition parties want bill to be sent to select committee, says Congress August 7, 2014

    Prime Minister Narendra Modi on Thursday called a meeting with Finance Minister Arun Jaitley and Home Minister Rajnath Singh to discuss the Insurance Bill. Meanwhile, the Congress remains firm that the bill should be sent to a select committee. Congress leader Anand Sharma said, "Our stand on bill hasn't changed,...
  • 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...
  • Will take everyone into confidence: Rajnath on Parliament business August 6, 2014

    New Delhi: With the Congress and some other parties continuing to oppose the proposed Insurance Bill, Home Minister Rajnath Singh on Wednesday said that the government will try its best to "take into confidence" everyone to get the legislation through in Parliament. "Our attempt will be to take everyone (all parties)...
  • Congress and BJP playing hide and seek over the insurance bill: KC Tyagi August 6, 2014

    In an interview with CNN-IBN, National Spokesperson of Janata Dal KC Tyagi said that Congress and Bharatiya Janta party (BJP) were playing hide and seek over the insurance bill. "We want the bill to be sent to the standing committee," said Tyagi. ...
  • Government buys time on Insurance Bill, likely to take final call on Thursday August 6, 2014

    New Delhi: There is no end to the deadlock between the government and the opposition parties on the Insurance Bill. Even as the Centre is buying more time over the issue, an all-party meeting scheduled for Wednesday has been scrapped. According to sources, the government is expected to take a...
  • India @ 9 with Anubha Bhonsle August 5, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • PM Narendra Modi faces early resistance in insurance reform push August 5, 2014

    New Delhi: Plans by the government to allow more foreign investment in India's still-small insurance sector has hit snags in Parliament, testing Prime Minister Narendra Modi's campaign promise to push through reforms to revive the economy. Over the past week, the government has twice sought to introduce legislation in the Upper...
  • No double standards by the Congress on Insurance Bill, says Rahul Gandhi August 5, 2014

    New Delhi: With still no political consensus on the Insurance Laws Amendment Bill, Congress Vice President Rahul Gandhi has hit out at the Narendra Modi government. Rejecting Finance Minister Arun Jaitley's charges, Rahul told CNN-IBN that there are no double standards by the Congress on the Insurance Bill. Rahul's statement...
  • Borrowed Chidambaram's language in Insurance Bill, Congress shouldn't oppose it: Jaitley August 5, 2014

    New Delhi: There is still no political consensus on the Insurance Laws Amendment Bill which is expected to be the Narendra Modi government's first attempt at a reform. The Congress, which has been opposed to the Bill, has been given three options by the government to either approve, reject or...
  • Government ready for minor modifications in Insurance Bill: Jaitley August 4, 2014

    New Delhi: Reaching out to Congress, Finance Minister Arun Jaitley on Monday said the government is open to minor modifications in the Insurance Bill for its passage in the current session of the Parliament. "The Government is extremely anxious that the Insurance Bill, which has been...
  • Insurance Bill can be passed in Winter session: Congress August 4, 2014

    New Delhi: Congress on Monday kept the government guessing on the Insurance bill asking it to take on board all stakeholders and favouring the Select Committee route even as it insisted that the measure is its own "baby" and it is a "misnomer" that the party is opposed to it. "We...
  • Arun Jaitley talks tough on Insurance Bill, asks Congress to make its stand clear in Rajya Sabha August 4, 2014

    New Delhi: Finance Minister Arun Jaitley talked tough during the all-party meeting called to arrive at a consensus on the Insurance Laws Amendment Bill and told Congress leaders to either approve, reject or amend the legislation in the Rajya Sabha, sources said. Jaitley made it clear that the NDA government...
  • All-party meet on Insurance Laws Amendment Bill inconclusive August 4, 2014

    New Delhi: Even as the NDA government tries hard to get the Insurance Laws Amendment Bill passed in Parliament, the all-party meeting to resolve the deadlock was inconclusive. Nationalist Congress Party leader Praful Patel said that parties will meet again in the next two days to discuss the possible formulation...
  • Government delays introduction of Insurance Bill in Rajya Sabha, to meet Opposition August 4, 2014

    New Delhi: After the Narendra Modi government decided to postpone its plan to pass the Insurance Laws Amendment Bill in the Rajya Sabha on Monday, it has called for a meeting with leaders of major political parties. The parties include Congress, TMC, BJD, JDU, AIADMK, SP, BSP among others. Finance...
  • Insurance Bill likely to be taken up for discussion in Rajya Sabha on Monday July 31, 2014

    New Delhi: 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 per cent with a rider that management control remains with Indian promoters. "Insurance Bill is likely to be taken up for discussion...
  • Judicial Appointments Bill in parliament likely next week July 29, 2014

    New Delhi: Government is considering bringing the Judicial Appointments Bill in Parliament next week after consultations within the party. According to sources, the government is initiating discussions within to bring the new bill for appointments in the judiciary to help bring transparency in the process of judicial appointments. The issue gained...
  • BJP backs Food Security Bill, but against some aspects, says Jaitely September 2, 2013

    New Delhi: 3:30 pm: Sitaram Yechuri blamed the government for indulging in practices of corruption. "There is no shortfall of money in the country. Money is being looted and parked through corruption. If the corruption can be controlled there will be a lot of money in the economy," Yechury...
  • TMC to continue opposition to pension, insurance bills December 10, 2012

    Kolkata: 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...
  • Reform bills in messy situation because of Oppn: Kamal Nath December 2, 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. Speaking to Karan Thapar on Devil's Advocate, Kamal Nath...
  • India Inc calls Cabinet's decisions on reforms 'pathbreaking' October 5, 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...
  • Cabinet set to approve pension, insurance bills October 3, 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...
  • Chidambaram wants 49 pc FDI in insurance, pension August 22, 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...
  • PM may push FDI reforms in Monsoon Session June 29, 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...
  • Govt introduces Insurance Bill on sly, gets the beating December 23, 2008

    New Delhi: While the uproar in Parliament on Monday was about A.R Antulay and his comments on Mumbai ATS chief Hemant Karkare, Government also introduced the insurance reforms bill perhaps hoping that the Antulay battle will drain the energy of the Opposition to fight reforms in the insurance sector. But...
  • Govt brings in Insurance Bill in RS, Left opposes December 22, 2008

    New Delhi: The United Progressive Alliance (UPA) Government on Monday brought in Rajya Sabha a Bill seeking to hike foreign investment in the insurance sector, unfazed by stiff opposition by Communist Party of India (CPI-M) members who almost came to blows with senior ministers. The government, which had kept insurance reforms...
  • Post trust vote, Govt puts reforms on fast-track July 23, 2008

    New Delhi: With the UPA Government surviving a trust vote without the support of reforms-wary Left parties, Finance Minister P Chidambaram today said focus would now be on greater economic liberalisation, including relaxing FDI limit in sectors like insurance. "On Tuesday, Prime Minister Manmohan Singh wanted to make a point on...