Two influential US lawmakers have applauded the Indian government's move to increase foreign direct investment in the insurance sector
The government may hike foreign direct investment (FDI) limit in the pension sector to 74% and a Bill in this regard is expected to come in the next Parliament session
Singapore is the top source of FDI in India, with 30.28% share of entire FDI equity inflow. US comes next, with 24.28% and UAE at 7.31%
Currently, operating and commission expenses of private insurers are said to be thrice those of public counterparts. It is here that a hike in FDI limit will give the former a level-playing field
The industry has been asked to send inputs in writing within a week to the government for further consultation
The bill raises the limit to 74 per cent
FM Sitharaman said on Monday that raising the FDI limit was necessary to help insurers deal with issues concerning financial stress
By raising the FDI limit to 74%, the current provision of control being vested with Indian companies had to be dropped. Stay tuned for Latest LIVE news
Majority of directors, key personnel will be resident Indians; percentage of profits to be retained in India, says FM Sitharaman on FDI safeguards
The Congress and other Opposition parties Thursday forced adjournments of Rajya Sabha proceedings for four times during the post-lunch sitting
Domestic traders' body CAIT on Wednesday said the foreign direct investment policy in the e-commerce sector should be enforced in letter and spirit so that global players do not violate the rules.
Necessary actions have been taken for investigation by the Enforcement Directorate, Parliament was informed
Officials are likely to meet over a dozen e-commerce companies
Currently, online retailers such as Amazon and Flipkart are the dominant players in this space, capturing around two-thirds of the market share, experts said
DPIIT will hold a host of meetings with industry and trader associations this month on issues pertaining to foreign direct investment in the e-commerce sector, an official said.
The increase of the FDI limit will provide insurance companies with committed funds to improve the penetration of insurance in the country, says an industry executive
No fresh capital will come in, unless the foreign partner decides to infuse funds after raising its stake.
It is the highest ever inflow for the first nine months of a financial year
After being relegated to the second spot in the previous two fiscal years, China again became India's biggest trading partner in the first nine months of FY21. Read top stories with Business Standard
Foreign direct investment in Pakistan has seen a 27 per cent decline in the first seven months of the current fiscal, owing mainly to the fall in investment from its close ally China, a media report said on Tuesday. The Foreign Direct Investment (FDI) in Pakistan during the first seven years fell by 27 per cent compared to the same period last fiscal year, Dawn newspaper reported, quoting the State Bank of Pakistan (SBP) as saying. The SBP, the central bank, on Monday said that the FDI during July-January FY-21 was USD 1.145 billion against an inflow of USD 1.577bn in the same period last fiscal year. The inflow during January was USD 192.7 million compared to USD 219 million in the same month of the previous fiscal year, registering a 12 per cent decline. However, the seven-month decline was mainly due to a decline in net FDI from China and increase in net outflow to Norway, the report said. The country-wise details showed that net inflow of FDI from China was USD 402.8 million .