Snedeker charged into a tie for the lead with South Korean KJ Choi after carding a flawless seven-under-par 65 in the opening round. ...
08:20 AM, Jan 25, 2013
A $9.7 billion measure to pay flood insurance claims is set for a vote in Congress, boosting prospects for relief for the many home and business owners flooded out by Superstorm Sandy. If the House, as expected, approves the flood insurance proposal on January 4, the Senate plans to follow with a likely uncontested vote later in the day. ...
05:50 PM, Jan 04, 2013
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 brought forward in the current session of Parliament. We will more or less oppose these bills because they will affect...
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. Speaking to Karan Thapar on Devil's Advocate, Kamal Nath further said that the FEMA notification dealing with FDI in retail needed approval only in the Lok Sabha and...
08:08 PM, Dec 02, 2012
Perish the thought that insurance companies cover risk. Private insurance companies in India play so safe it is a wonder they allow the vehicles they ...
08:09 PM, Nov 20, 2012
Boston/London: Hurricane Sandy has the potential to cause some of the largest losses the global insurance industry has faced this year, but nothing that would strain insurers financially aside from hurting earnings this quarter, analysts said on Monday. Disaster modeling company Eqecat, used by the industry to forecast storm exposure, said Monday there was no way to assess what kind of losses Sandy might ultimately cause until after landfall sometime...
01:00 AM, Oct 30, 2012
Brit Insurance said it would not renew its contract beyond 2014. ...
06:06 PM, Oct 22, 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 BJP would support the Trinamool Congress's (TMC) no-confidence motion in Parliament against FDI in insurance and pension. Below is...
08:18 AM, Oct 07, 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 49 per cent FDI in insurance). I intend to meet with the leaders of opposition and convince them. I can...
02:40 AM, Oct 07, 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 of the common people, small traders and small farmers. The latest FDI flag is diversionary - more to anaesthetise...
01:41 AM, Oct 07, 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 clear that we are against FDI in multi-brand retail. As for yesterday's cabinet decision, the Standing Committee on Finance had opposed more than 26...
05:31 AM, Oct 06, 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 told reporters when asked whether the party would reach out to Bharatiya Janata Party (BJP). His remarks are significant...
10:06 PM, Oct 05, 2012
New Delhi: The battery of reformist decisions taken by Prime Minister Manmohan Singh government in the past month not just alter the perception of policy inaction in India, but will also go a long way in reviving the country's slowing economy and stabilise state finances. There is a flip side as well, which is equally important. Had these decisions been kept in abeyance any longer, the negative impact on account...
04:28 PM, Oct 05, 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 sectors be hiked to 49 per cent. Parliament to take up bills in Winter Session. * Cabinet cleared as...
08:59 AM, Oct 05, 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 needs a capital infusion of over Rs 62,000 crore in the next five years. Domestic and foreign insurers, who ...
07:59 AM, Oct 05, 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
The Cabinet on Monday cleared introduction of FDI in pension and increase in cap in insurance. ...
11:12 PM, Oct 04, 2012
The UPA government on Thursday cleared FDI in pension and hiked FDI in insurance to 49 per cent. ...
09:45 PM, Oct 04, 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, the BJP remained ambivalent on whether it will support these measures in Parliament, saying it would first like to...
09:31 PM, Oct 04, 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. ...
09:10 PM, Oct 04, 2012
