New Delhi: Rajya Sabha on Thursday approved a bill to increase foreign direct investment (FDI) limit in insurance sector to 74 per cent from the current 49 per cent.
Finance Minister Nirmala Sitharaman said foreign investment will supplement domestic long-term resources to boost insurance penetration in the country.
Majority of directors on the board and top management persons will be resident Indians, with at least 50 per cent of directors being independent directors, The Indian Express reported.
The decision to raise FDI limit was taken after regulators IRDAI held detailed consultation with stakeholders.
Bhubaneswar: The Odisha Human Rights Commission (OHRC) has sent notices to Secretaries of Food &…
New Delhi: Even as his recently-released horror comedy ‘Bhool Bhulaiyaa 3’ continues to mint money…
New Delhi/Bhubaneswar: After over 20 days of investigation and analysing more than 700 CCTV cameras,…
New Delhi: The Delhi High Court has closed proceedings on a petition challenging the Rajiv…
Mumbai: ‘12th Fail’ actor Vikrant Massey recently got trolled after pictures of him touching his…
Mumbai: Mumbai Police swung into action immediately after Bollywood superstar Shah Rukh Khan received a…
Dubai: The effects of global climate change are being seen in various manifestations across the globe.…
Mumbai: When criminals are idolised and used for commercial purposes, police are bound to take action.…