Fdi Cap

Jaitley, a key strategist of BJP, suggested that the government may go to the extent of calling a joint session if the insurance bill is again blocked in the Upper House in the next session. The ruling party currently does not have the numbers in Rajya Sabha.

Insurance Bill to be taken up in Winter Session: FinMin

The reform, according to experts, is expected to increase the flow of foreign investment to the tune of Rs 25,000 crore into the private insurance companies. The move would help insurance firms to get much needed capital from overseas partners.

Cabinet defers decision on FDI in pharma and housing

The decision on FDI in pharma and housing has been deferred, Information and Broadcasting Minister Manish Tewari said after the Cabinet meeting here.

Vodafone proposal to buy Indian arm not taken up by FIPB

"All ministries and departments concerned did not give their comments, so it (Vodafone proposal) was not taken up," an official said after the FIPB meeting.

Evening bulletin: Quick guide to top headlines on Wednesday

Here are the top headlines of the day:

FinMin hopeful of getting Parliament nod on Pension Bill

As a part of discussions on the Parliament‘s agenda, finance ministry is hopeful of getting a nod for the same on Tuesday, reports CNBC-TV18‘s Aakansha Sethi.

FM to meet opposition leaders on insurance bill on Aug 3

Keen to get insurance bill approved in the ensuing monsoon session of Parliament, Finance Minister P Chidambaram today said he will meet leaders of the opposition parties on August 3

Tea demand rising; FY14 output at 1120-1130mt: Jay Shree

DP Maheshwari, managing director of Jay Shree Tea feels that the change in the route to bring in FDI in the tea industry is a positive move. Investments will come in due to growing demand for tea and exports increasing, he told CNBC-TV18.

Government gives nod to hike FDI caps in 13 sectors

A beleaguered government on Tuesday late evening announced a raft of investor friendly measures to woo overseas funds by easing foreign direct investment (FDI) caps in 13 sectors like insurance, commodities as well as stock exchanges, tea, telecom and others.

India to lift FDI cap in few sectors by July third week: FM

Finance ministry panel has already submitted a report on revising FDI caps in different sectors, and the Department of Industrial Policy and Promotion is in talks with stakeholders.

Upto DIPP to take FDI reform process forward: Mayaram

A panel led by DEA secretary Arvind Mayaram submitted its report on reviewing FDI sectoral caps to the finance minister today.

Sharma for FDI cap hike in telecom, defence

In a bid to spur investments, Commerce and Industry Minister Anand Sharma today "strongly favoured" raising the FDI cap in telecom as well as defence sector and said he will meet global investors to address their concerns, particularly in multi-brand retail.

Hope to get Insurance Bill passed soon: FM

Finance Minister P Chidmabaram expressed the hope that Insurance Amendment Bill, which seeks to raise FDI cap in the sector to 49 per cent, will be passed soon.

PM hints at more liberalisation of FDI regime

Expressing commitment to continue with reforms, Prime Minister Manmohan Singh today indicated government will further liberalise FDI regime in the coming months and push the land reforms measures.

FinMin creates committee to review sectoral FDI caps

The Finance Ministry has constituted a committee to review Foreign Direct Investment (FDI) caps in various industry sectors, which will be headed by Economic Affairs Secretary Arvind Mayaram.

FinMin offers cut-in-cap carrot to woo BJP vote on FDI

CNBC-TV18's Aakansha Sethi reports, quoting sources, that the government is contemplating to reduce the FDI cap in the Insurance Bill to 26 percent to persuade the BJP and parties in the Opposition to vote favourable towards the various Bills the government proposes to introduce in Parliament.

Govt raises FDI cap in broadcasting to 74%; stocks surge

On Friday, the government has raised the FDI cap in broadcasting from 49% to 74%, reports CNBC-TV18.

FM defers Insurance Bill; unhappy with 26% FDI cap

Unsatisfied with the terms of the Insurance Bill, Finance Minister Pranab Mukherjee has deferred the consideration of the Bill.

Govt oks changes in PFRDA Bill, allows 26% FDI in pension

The government today approved amendments to the PFRDA Bill 2011 while agreeing to the proposed 26% foreign investment in the pension sector but refrained from providing assured returns to subscribers in the proposed law.

Global luxury cos keen to up single brand retail FDI cap

The government's announcement today that it is "seriously considering" relaxation of the cap on FDI in single brand retail met with an encouraging response from global luxury brands, including Salvatore Ferragamo and Jimmy Choo, which hope to increase their India investments.

Raise FDI limit to 49% in insurance sector: SMC Global

Pitching for raising the FDI cap in insurance segment to 49%, financial solution provider firm SMC Global Securities on Monday said the move would help the sector become a USD 65 billion industry by 2014.