Lok Sabha
Parliament passes Insurance Amendment Bill to hike FDI to 74%
Centre to provide medical insurance to road accident victims
Direct Taxes Code 2013- KPMG INDIA
IRDA likely to allow automatic clearance of standard life insurance
The Insurance Regulatory and Development Authority (IRDA) is likely to come-out with a new policy giving automatic clearance to standard life insurance products and relax investment guidelines to encourage flow of funds into infrastructure sector, Minister of State for Finance, Namo NarianMeena said in a written reply to Lok Sabha. Read more
Central Bank gains 3% on approval for preferential issue
Public sector lender Central Bank of India gained as much as 2.7 percent to touch an intraday high of Rs 83.85 recently after the board’s approval for preferential issue. Read more
Employees of four banks unions go on strike
A section of public sector bank employees have gone on nation-wide strike to protest the Banking Laws (Amendment) Bill, partially affecting normal banking operations in some banks. Employees of four bank unions participating in strike are from All India Bank Employees Association (AIBEA), Bank Employees Federation of India (BEFI), All India Bank Officers’ Association (AIBOA) and National Union of Bank Employees (NUBE). Read more
Insurance firms being probed for evasion of service tax
Several insurance firms and companies are being probed for suspected evasion of service tax and recoveries have been made in some cases, Finance Minister P Chidambaram told Lok Sabha. Read more
Insurance Bill likely in current session: Government
The government is likely to introduce amendments to the Insurance Bill in the current session for raising FDI cap in private sector insurance companies to 49 per cent, Parliament was informed. “…the official amendments to the (Insurance) Bill is likely to be introduced in the current session of Parliament. Read more