Cameron calls upon India to open up insurance, banking and retail

UK Prime Minister David Cameron recently made a strong pitch for opening up insurance, banking and retail sectors by India for overseas investments. He also called for further simplification of investment procedures to do easy business by foreign companies in India. Read more

IRDA rules out hiking investment limit for insurers

Terming the finance ministry’s plans to hike the investment ceiling for state-owned Life Insurance Corporation to 30 per cent as ‘imprudent’, insurance regulator IRDA recently called for a more conservative approach and ruled out hiking the cap for private sector insurance firms. Read more