Finance ministry
Finance Ministry to offer share on sale
LIC to give Rs.5000cr loan for railway project
New India Assurance preps for FY17 listing
LIC investments of Rs.10K cr under close watch
Foreign stakes in insurers’ parent not to count for FDI
Tax waiver sought for home, personal accident insurance products
The general insurance industry has sought several tax exemptions, including for home and personal accident covers, from the Finance Ministry in the upcoming Budget. Read more
Plea to use unclaimed insurance money: HC seeks govt’s reply
The Delhi High Court has asked the Centre to respond to a plea seeking direction to set up a mechanism for “utilising” unclaimed insurance money lying with various companies. Read more
IRDA allows insurance for markets
In a move likely to give a fillip to the markets recently, as well as help meet the demands of the finance ministry to bolster the participation of insurance companies in PSU disinvestments, the Insurance Regulatory and Development Authority (IRDA) recently allowed insurance companies to increase their equity holding in companies by up to 15%, from 10% earlier. Read more
Delayed listing of State Owned Insurance Companies by Government
Government of India recently postponed its decision with regard to the listing of four State owned General Insurance Companies with the Stock Exchanges. The reason quoted by the Finance Ministry is that the financial healths of these companies are not sound to exert a pull on the investors. Read more