Last Updated: Thursday, March 5, 2015, 19:58
Employee unions of the four state-owned non-life insurers and LIC have given a one-day strike call on March 9 to protest against the Insurance Bill.
Last Updated: Wednesday, March 4, 2015, 22:13
Fate of the Insurance Bill hangs in balance with the Congress expressing its opposition to the manner in which it was brought and approved by Lok Sabha and the government hinting at the possibility of a Joint Session to clear the key reform measure.
Last Updated: Wednesday, March 4, 2015, 18:56
The controversial Insurance Bill, a key reform legislation, Wednesday cleared the Lok Sabha hurdle easily but the problem of numbers in Rajya Sabha prompted the government to say that it will convene Joint Session if it is defeated in the Upper House.
Last Updated: Wednesday, March 4, 2015, 18:07
Lok Sabha on Wednesday passed the Insurance Bill to replace an ordinance in this regard.
Last Updated: Wednesday, March 4, 2015, 14:03
Opposition parties on Wednesday renewed its attack on the government for bringing a bill in Lok Sabha to amend the insurance law to allow 49 percent FDI in the sector, when a similar bill was pending in the Upper House.
Last Updated: Tuesday, March 3, 2015, 15:28
A key economic reform bill, providing for raising the FDI cap in insurance sector to 49 percent, was introduced in Lok Sabha Tuesday amid stiff opposition by Left and TMC.
Last Updated: Tuesday, March 3, 2015, 09:11
The government on Tuesday introduced the Insurance Bill in the Lok Sabha which will replace an ordinance that was brought in to allow for higher foreign equity participation in Indian insurance companies.
Last Updated: Friday, February 20, 2015, 20:53
The government on Friday said up to 26 percent FDI in insurance companies will be allowed through automatic route, as it notified rules to increase foreign direct investment ceiling in the sector to 49 percent.
Last Updated: Friday, December 26, 2014, 18:24
Paving way for additional foreign investment in insurance and to move ahead with the re-allocation of cancelled coal mines, President Pranab Mukherjee on Friday signed the two ordinances in this regard.
Last Updated: Wednesday, December 24, 2014, 16:35
Moving at rapid pace, the Union Cabinet on Wednesday approved key insurance and coal sector reforms which were stuck in Parliament logjam.
Last Updated: Wednesday, December 24, 2014, 16:26
With the government pushing key reform measures like insurance and coal block allocation, Finance Minister Arun Jaitley on Wednesday said the country cannot wait even if one of the Houses of Parliament "waits indefinitely".
Last Updated: Wednesday, December 24, 2014, 13:43
Government on Wednesday approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from 26 percent, as the legislation could not be passed in the Parliament session that ended yesterday.
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