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Insurance Amendment Bill 2021

22 Mar 2021

Insurance Amendment Bill to raise FDI cap to 74% passed in Lok Sabha

Insurance Amendment Bill 2021 passed in Lok Sabha The Bill seeks to raise FDI limit to 74 per cent The Bill was earlier passed in Rajya Sabha

Edelweiss Financial Services

26 Aug 2015

Edelweiss Financial Services shares surge over 4%

Shares of Edelweiss Financial Services Wednesday surged over 4 percent, after its subsidiary Edelweiss Tokio Life Insurance got necessary approval from FIPB to increase its FDI cap.

FDI in pension sector

27 Apr 2015

Government hikes FDI limit in pension sector to 49%

"In pursuance of the enactment of Insurance Regulatory & Development Authority Act, 2013, government has decided to permit FDI in the pension sector...The decision will take immediate effect," said the note from the DIPP.

20 Oct 2014

Insurance Bill to be taken up in Winter Session: FinMin

The long pending Insurance Bill, which seeks to raise FDI cap in the sector to 49 percent, is expected to be taken up in the forthcoming Winter Session of Parliament.

03 Sep 2014

Nippon to raise stake in Reliance Life post FDI hike

Nippon Life currently holds 26 percent stake in Reliance Life Insurance Company, which it had bought for Rs 3,062 crore.

31 Jul 2014

Insurance Bill to be taken up by RS on Monday

The much-delayed Bill, which was listed in the Rajya Sabha agenda on Thursday could not be taken up for discussion as the opposition wanted more time to go through the amendments, sources said.

18 Jul 2014

Insurance cos to get much-needed capital from higher FDI: Singh

Welcoming the government's proposal to hike FDI ceiling in insurance sector to 49 percent, Fortis Healthcare Executive Chairman Malvinder Mohan Singh on Friday said the move would help insurance firms attract much-needed capital from overseas partners.

18 Jul 2014

Raising FDI cap in insurance will spur growth: Irda

Raising FDI cap in the insurance sector will spur growth in this industry, ensuring entry of more players, Insurance Regulatory and Development Authority said on Friday.

Union Budget 2014

10 Jul 2014

Union Budget 2014: Raising of FDI cap in insurance may help pharma industry

Finance Minister Arun Jaitley on Thursday proposed raising the FDI cap from 26 percent to 49 percent.

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