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Raising FDI limit in insurance aimed at unlocking full potential of sector

New Delhi 29July2025

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Millennium Post Delhi

Raising the FDI limit in insurance to 100 per cent will help the sector achieve its full potential by growing at 7.1 per cent per annum over the next 5 years, outpacing the global growth, Finance Minister Nirmala Sitharaman informed Parliament on Monday.

NEW DELHI:

The finance minister in Union Budget 2025-26 had proposed to raise the limit of foreign investment in insurance sector from the existing 74 per cent to 100 per cent.

Raising the limit will eliminate the need for foreign investors to find Indian partners for the remaining 26 per cent, easing the process of setting up their operations in India, effectively increasing the number of insurers in the country, she said in a written reply to Lok Sabha.

المزيد من القصص من Millennium Post Delhi

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Liberty not State's gift but obligation, passport authority can't seek itinerary for renewal: SC

The Supreme Court ruled on Friday that citizens cannot be compelled to furnish travel schedules or visa details when seeking renewal of their passports, reaffirming that personal liberty is a constitutional guarantee and not something granted by the State.

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Several Noida schools receive hoax bomb threat emails

Several schools in Noida received emails containing bomb threats on Friday, which later turned out to be a hoax, police said.

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Winter Session of Parl ends; eight Bills cleared amid fierce debate

Parliament's Winter Session ended on Friday after 19 days of often intense and lengthy proceedings, during which both the Lok Sabha and Rajya Sabha pushed through major legislative proposals, heard extended debates on national themes, and witnessed protests that briefly disrupted business.

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Pep dismisses City exit talk ahead of West Ham clash

Manchester City boss Pep Guardiola dismissed speculation over his future at the club, insisting contract talks are not on the agenda despite rumours he could leave at the end of the season, but added his side were not yet good enough to win the title.

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India going Hard at it

Pandya in record books as India thump SA to seal 3-1 T20I series win

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Why did ED suffer a setback: A technical lapse cost them 12 years

Recently, a court found that the money-laundering case was not based on FIR

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Passage of G RAM G Bill in Parl leads to dharna as Oppn cries foul

Highlights > Several members of the opposition staged a walkout in the Rajya Sabha during the passage of the Bill after demanding its withdrawal » The opposition parties later sat on a dharna outside the Samvidhan Sadan in the Parliament complex against the Bill and claimed that they would launch a country-wide agitation

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SIR: Tamil Nadu and Gujarat remove 1.71 crore names in draft voter rolls

Tamil Nadu drops 97.4 lakh voters, Gujarat removes 73.7 lakh

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Rijiju blames Oppn for 'stalling' debate on pollution

The government on Friday accused the opposition of \"stalling\" the debate in Parliament on air pollution saying some of the MPs have shown \"unacceptable behaviour\" during the debate on the rural jobs guarantee Bill and conveyed that they did not want any discussion on the health hazard issue in the national capital region.

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Ggm Traffic Police fit reflective tape on 7,000 vehicles amid fog

Campaign focuses on improving nighttime, low-visibility detection of vehicles particularly vulnerable on the roads

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