FDI limit News

In her Budget speech today, Finance Minister Nirmala Sitharaman announced that the FDI limit for the insurance sector will be raised from 74% to 100%.

The LIC employees are protesting against the government's proposal to privatise the corporation and enhance the FDI limit in the insurance sector he All India Insurance Employee's Association (AIIEA) has called the strike along with other trade unions from the industry FM Nirmala Sitharaman proposed to amend the Insurance Act 1938 to increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies

 Several MPs cutting across party lines have expressed their support for the early revival of the now grounded Jet Airways, saying that they will again raise the issue in the ongoing winter session of Parliament.

ATC will pay a total of Rs 7,850 crore for purchasing Idea (Rs 4,000 crore ) and Vodafone's (Rs 3,850 crore) mobile towers.

The increase in foreign direct investment (FDI) limit by 23 percent to 49 percent is expected to alleviate the capital pressure on Indian private non-life insurers, global credit rating agency Moody`s Investor Service (MIS) said Thursday.

Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee that is evaluating amendments to a Bill pending for four years in Rajya Sabha.