The US today said it is looking forward to India opening up its insurance sector further to foreign investors just as it has done in case of FDI in the
Lifting of the foreign direct investment (FDI) cap in insurance sector to 49 per cent is unlikely to help new foreign players who are keen to enter the Indian market,
Welcoming India's decision to push for financial reforms, including hiking the FDI cap in insurance sector, Australia today said it will boost economic cooperation between the two countries, setting the
The increase in FDI limit in the insurance sector may attract Rs 30,000 crore that the industry requires over the next five years, Insurance Regulatory and Development Authority has said.
The cabinet approved bills on Thursday to attract foreign investment into insurance and pensions in the latest move by Prime Minister Manmohan Singh to restore confidence in the economy, but
The country's largest insurer LIC has purchased shares worth over $ 2 billion (about Rs 11,000 crore) in Indian companies - mostly in sectors like utilities, energy and software -
Government, which has of late been talking of pushing reforms, may get support from BJP on raising the FDI in insurance sector if it "reaches out" to the opposition.
To give a push to reforms, the government may consider raising foreign direct investment limit in the insurance sector to 49% from the existing 26%.
The Cabinet will consider 49%
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