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    • Select panel's insurance bill report tabled in Rajya Sabha

      Rajya Sabha may approve report if there are not many dissents. The draft report, among other things has recommended 49 percent composite FDI in insurance, suggested changes in definition of reinsurance, sought to define the term `control' in Insurance Act and proposed power to IRDA in formulating norms subject to acts and rules.

    • New banking act to offer more power to RBI: Ernst & Young

      Ashwin Parekh of Ernst & Young believes if the amendments were passed by the parliament without any modifications, it would allow the Reserve Bank of India to be able to frame the regulations clearly.

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