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LIC IPO Soon, Suggests Government's New Forex Act Notification: 5 Points
To allow large foreign portfolio investors (FPIs) to subscribe to shares in the public listing of the insurance behemoth, Life Insurance Corporation (LIC), the government has amended the rules of Foreign Exchange Management Act (FEMA).
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FEMA Rules Amended To Let 20% Foreign Investment In LIC's Public Issue
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
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In IPO-Bound LIC, Cabinet Clears Up To 20% Foreign Investment: Sources
Union cabinet on Saturday okayed up to 20 per cent foreign direct investment under automatic route in Life Insurance Corporation
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Government To Revise FDI Policy To Allow Life Insurance Corporation's Stake Sale
Government is making changes in the FDI policy to allow disinvestment of Life Insurance Corporation of India
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MetLife To Increase Stake In Insurance Joint Venture With Punjab National Bank
US insurer MetLife Inc said on Monday it would increase the stake in its Indian joint venture
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A Major Old Rule Could Be Changed By Centre Ahead Of LIC's Mega-IPO
India is considering allowing foreign direct investment in Life Insurance Corporation, according to a person familiar with the matter, which could enable a single overseas investor to buy a large stake in the firm that's headed for a mega-IPO.
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Government May Allow Foreign Direct Investment In IPO-Bound LIC: Report
The government is mulling allowing foreign direct investment (FDI) in the country's largest insurer LIC, a move which would help overseas investors take part in the company's proposed mega IPO
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FDI Limit In Insurance Sector Under Automatic Route Increased To 75%
Department for Promotion of Industry and Internal Trade (DPIIT) notified the government's decision to increase the foreign direct investment limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier.
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Lok Sabha Passes Bill To Raise Foreign Investment In Insurance To 74%
A bill to increase foreign direct investment (FDI) in the insurance sector from 49 per cent to 74 per cent was approved by Parliament with the Lok Sabha giving green signal to the legislation by a voice vote on Monday.
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Bill To Increase Foreign Investment To 74% Moved In Lok Sabha
Finance Minister Nirmala Sitharaman said on Monday that raising the FDI limit in the insurance sector to 74 per cent was necessary to help insurers deal with issues concerning financial stress.
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Bill To Raise Foreign Investment Limit In Insurance To 74% Passed In Rajya Sabha
Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.
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Budget 2021 Highlights: Improved Healthcare, Better Infra, Bank Privatisation
Union Budget 2021: Finance minister Nirmala Sitharaman doubled healthcare spending to Rs 2,23,846 crore and set aside Rs 35,000 crore for developing two Covid vaccines
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India Doubles Healthcare Spending, More FDI Allowed In Insurance
India proposed doubling healthcare spending in an annual budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive an economy that suffered its deepest recorded slump as a result of the pandemic.
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Budget 2021: FDI Limit In Insurance Hiked To 74%
Union Budget 2021: The Insurance Act 1938 will be amended to "increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards," the finance minister said
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Budget: Focus On Health, Farmers, Polls; Relief For Seniors Above 75
Finance Minister Nirmala Sitharaman, announcing Budget 2021 aimed at reviving an economy badly hit by the coronavirus pandemic, said the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that 35,000 crore would be spent on Covid vaccines. Capital expenditure will be increased to Rs 5.54 lakh crore, which is around 34 pe...
-
LIC IPO Soon, Suggests Government's New Forex Act Notification: 5 Points
To allow large foreign portfolio investors (FPIs) to subscribe to shares in the public listing of the insurance behemoth, Life Insurance Corporation (LIC), the government has amended the rules of Foreign Exchange Management Act (FEMA).
-
FEMA Rules Amended To Let 20% Foreign Investment In LIC's Public Issue
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
-
In IPO-Bound LIC, Cabinet Clears Up To 20% Foreign Investment: Sources
Union cabinet on Saturday okayed up to 20 per cent foreign direct investment under automatic route in Life Insurance Corporation
-
Government To Revise FDI Policy To Allow Life Insurance Corporation's Stake Sale
Government is making changes in the FDI policy to allow disinvestment of Life Insurance Corporation of India
-
MetLife To Increase Stake In Insurance Joint Venture With Punjab National Bank
US insurer MetLife Inc said on Monday it would increase the stake in its Indian joint venture
-
A Major Old Rule Could Be Changed By Centre Ahead Of LIC's Mega-IPO
India is considering allowing foreign direct investment in Life Insurance Corporation, according to a person familiar with the matter, which could enable a single overseas investor to buy a large stake in the firm that's headed for a mega-IPO.
-
Government May Allow Foreign Direct Investment In IPO-Bound LIC: Report
The government is mulling allowing foreign direct investment (FDI) in the country's largest insurer LIC, a move which would help overseas investors take part in the company's proposed mega IPO
-
FDI Limit In Insurance Sector Under Automatic Route Increased To 75%
Department for Promotion of Industry and Internal Trade (DPIIT) notified the government's decision to increase the foreign direct investment limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier.
-
Lok Sabha Passes Bill To Raise Foreign Investment In Insurance To 74%
A bill to increase foreign direct investment (FDI) in the insurance sector from 49 per cent to 74 per cent was approved by Parliament with the Lok Sabha giving green signal to the legislation by a voice vote on Monday.
-
Bill To Increase Foreign Investment To 74% Moved In Lok Sabha
Finance Minister Nirmala Sitharaman said on Monday that raising the FDI limit in the insurance sector to 74 per cent was necessary to help insurers deal with issues concerning financial stress.
-
Bill To Raise Foreign Investment Limit In Insurance To 74% Passed In Rajya Sabha
Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.
-
Budget 2021 Highlights: Improved Healthcare, Better Infra, Bank Privatisation
Union Budget 2021: Finance minister Nirmala Sitharaman doubled healthcare spending to Rs 2,23,846 crore and set aside Rs 35,000 crore for developing two Covid vaccines
-
India Doubles Healthcare Spending, More FDI Allowed In Insurance
India proposed doubling healthcare spending in an annual budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive an economy that suffered its deepest recorded slump as a result of the pandemic.
-
Budget 2021: FDI Limit In Insurance Hiked To 74%
Union Budget 2021: The Insurance Act 1938 will be amended to "increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards," the finance minister said
-
Budget: Focus On Health, Farmers, Polls; Relief For Seniors Above 75
Finance Minister Nirmala Sitharaman, announcing Budget 2021 aimed at reviving an economy badly hit by the coronavirus pandemic, said the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that 35,000 crore would be spent on Covid vaccines. Capital expenditure will be increased to Rs 5.54 lakh crore, which is around 34 pe...
