Insurance reforms News

President Pranab Mukherjee on Friday signed the ordinances moved by the government on raising FDI in insurance sector and facilitating e-auction of coal blocks.

The government's approval to key insurance and coal sector reforms will help attract much-needed investments, boost domestic manufacturing and usher in transparency and fair play, industry said on Wednesday.

Shares of companies in insurance sector gained as much as 4 percent Wednesday after the government approved the Ordinance route to implement insurance reforms.

In a boost to the government, Biju Janata Dal today said it will support the Insurance Bill which will be moved in the Rajya Sabha on Monday.