Heavy economic agenda for monsoon session

THIS WAS PART of the government's resolve to ease business processes further, as outlined in the Union Budget FY26.

- 

The monsoon session will begin on July 21 and end on August 12.

Besides raising the FDI limit to 100% from 75% and allowing composite licensing to undertake life, general, or health insurance under one entity, the Insurance Bill will also relax the current guidelines and conditions on the repatriation of dividends, and on the appointment of key management personnel for foreign-owned insurance firms.

Further, the requirement of net owned funds for foreign reinsurers is also proposed to be reduced from ₹5,000 crore to ₹1,000 crore. The Insurance Regulatory and Development Authority will be empowered to specify lower entry capital (not less than ₹50 crore) for underserved or un-served segments on a special-case basis.