INSURANCE BILL

  • Centre to take ordinance route to effect changes in Land Acquisition Act 21 hours 24 minutes ago

    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 3 days ago

    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 3 days ago

    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 5 days ago

    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 1 week ago

    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 1 week ago

    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...
  • 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 CNNIBN, 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 allparty 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 stillsmall 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...