Aug 24, 2021 02:38 PM IST
Greater private participation will lead to an increase in competition, better pricing of insurance products, and the introduction of innovative products. This will enhance the choice for policy holders, and may also lead to greater FDI inflows into the sector
- Jul 09, 2021 12:20 PM IST
This year, India has increased the foreign direct investment ceiling from 49 per cent to 74 per cent. Earlier, the government allowed firms to list overseas without simultaneous listing at the domestic market.
- Jun 03, 2021 03:50 PM IST
The initial public offering of Life Insurance Corporation could happen as early as March 2022, the report claimed.
- Mar 18, 2021 07:24 PM IST
Under the new structure, at least 50 percent of directors shall be independent directors, while specified percentage of profits being retained as a general reserve.
- Mar 15, 2021 06:58 PM IST
The Union Cabinet on Wednesday had given its nod for amendments in the Insurance Amendment Bill 2021.
- Jan 22, 2019 03:36 PM IST
During fiscal 2018, total gross premiums for the non-life and life insurance sectors grew 11.5 percent to Rs 6.1 lakh crore (USD 94 billion), bringing the 5-year compound annual growth rate (CAGR) to 11 percent.
- Aug 16, 2016 04:10 PM IST
Big Deal showcases - consolidation in the insurance sector, Aditya Birla Group announces a major recast of its businesses, and Tata Chemicals sells urea business to Yara. CNBC-TV18 tells you what the impact will be on the concerned companies.
- Apr 01, 2016 09:02 AM IST
"No Indian Insurance company shall allow the aggregate holdings by way of total foreign investment in its equity shares by foreign investors, including portfolio investors, to exceed forty-nine percent of the paid up equity capital of such Indian Insurance company," it said.
- Feb 25, 2016 01:28 PM IST
Service tax on insurance premium should be abolished. Also income tax on annuities for annuitants above certain age should be tax free.
- Feb 17, 2016 11:52 AM IST
We expect increased push in the budget towards creating a universal healthcare ecosystem built on facilitating healthcare financing, instead of investing on its own
- Feb 10, 2016 06:09 PM IST
The comments come days after Cognizant indicated a possible dip in revenues in 2016 due to difficulties it is facing in the BFSI and healthcare sectors.
- Jan 25, 2016 03:59 PM IST
"More than Rs 12,000 crore is set to flow in the insurance sector comprising both life and non-life during 2016. Besides, re-insurance sector would also see some fund flow as it too has got a leg-up through the amended Act," Assocham Secretary General D S Rawat said in a statement.
- Jan 15, 2016 02:41 PM IST
Inoperative bank accounts must be attended to. Banks generally close internet banking, ATM, phone banking and such other facilities on such account.
- Sep 18, 2015 06:39 PM IST
RBI is scheduled to come out with its fourth bi-monthly policy review for the fiscal on September 29 and with uncertainty getting over with regard to the US Fed rate, the central bank may yield to the pressure of easing rates.
- Aug 19, 2015 03:28 PM IST
At present, 100 percent foreign investment is permitted through the government approval route in the tea plantation sector. However, FDI is not allowed in any other plantation sector or activity.
- Aug 17, 2015 06:32 PM IST
India's natural rubber import increased to 442,130 tonnes in 2014-15, the highest so far, from 3,60,263 tonnes in 2013-14 and 2,62,753 tonnes in 2012-13. The production of natural rubber declined to 12-year low at 6,45,000 tonnes in 2014-15 as against 774,000 tonnes in 2013-14, down 12.
- May 06, 2015 10:03 AM IST
Predictions from insurance groups and independent economists have put new FDI inflows to India from the investment cap increase anywhere from USD 2 billion to USD 10 billion.
- Apr 08, 2015 07:15 PM IST
The RBI notification follows DIPP, Commerce Ministry's press note in March regarding operationalisation of increased FDI limit of up to 49 percent in the insurance sector.
- Apr 08, 2015 08:35 AM IST
Hiring in the banking, financial services, insurance sector also jumped by 38 percent . The report said the sector ranked second in terms of long-term gain.
- Mar 08, 2015 09:30 AM IST
The sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received foreign direct investment (FDI) worth USD 1.59 billion during April-December, 2013-14, according to the Department of Industrial Policy and Promotion (DIPP).
- Mar 02, 2015 08:14 PM IST
The hike in foreign direct investment (FDI) limit in the insurance sector was allowed through an Ordinance issued last year-end. A Bill to replace it is likely to be presented in the Lok Sabha on Tuesday.
- Feb 18, 2015 01:15 PM IST
The session, which will begin on February 23 and conclude on May 8, will see presentation of the first full-fledged budget of the Narendra Modi government which came to power in May last year.
- Jan 12, 2015 08:53 PM IST
CNBC-TV18's special show Accelerate India takes a look at the banking, financial services and insurance sector in India to understand how technology is deployed across companies to keep up with the demands of the discerning customers.
- Dec 30, 2014 07:27 PM IST
Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvITs) would also get tax incentives. Along with foreign investors, domestic institutions like insurers, pension funds and provident funds would also be allowed to invest in these trusts.
- Dec 29, 2014 12:48 PM IST
After hanging in balance for over six years, hike in foreign investment cap for insurance sector has become a reality, although the government had to take ordinance route, as a bill in this regard could not go through Parliament.