Union Cabinet allows LIC to raise stake in IDBI
The Cabinet cleared a deal to allow LIC raise its stake in IDBI Bank to 51 per cent, Finance Minister Read more
Insurance amendment bill, which seeks to raise the FDI cap in the private sector insurance companies to 49 per cent from 26 per cent, is expected to be deferred to the next session. Read more
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