2013 is when India’s insurance sector might look up again
The coming year 2013 will have a lot of hopes pinned on for a greater financial standing, in terms of various industries who havent really done well in the last financial year. One of them is the insurance sector, as the FDI bill for 49% investment by foreign companies is set to go on the floor of the house, and put to vote by the members of the house. Other than this, the government is also looking to extend tax breaks especially for the first premium paid by consumers, which shall be bought in to ensure a healthier insurance industry. Read more
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. 
Having secured Parliament’s approval for foreign direct investment (FDI) in multi-brand retail, the government is considering tweaking the planned amendments to insurance laws to win over opposition parties’ support for reforms in this key sector.