Poging GOUD - Vrij
Govt to further relax rules for FDI in insurance sector
Mint Kolkata
|February 04, 2025
Condition mandating presence of Indian residents on boards and top posts to be removed
The government plans to further liberalize foreign investment rules for insurance companies by removing the condition that mandates the presence of Indian residents on the boards and top management of insurance entities, said finance ministry officials.
The insurance reforms bill will be introduced in the ongoing budget session of Parliament, one of these officials said.
In her budget speech on Saturday, finance minister Nirmala Sitharaman announced the government would allow foreign entities to fully own insurance companies in India by increasing the foreign direct investment (FDI) limit from 74% to 100%.
She added, "The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified."
The relaxed foreign investment rules, however, won't affect the provision that offers a higher FDI limit only to companies that invest their entire premium earnings in India.
Dit verhaal komt uit de February 04, 2025-editie van Mint Kolkata.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Kolkata
Mint Kolkata
Founder Bhavish Aggarwal's changing tunes shake investors' trust in Ola Electric
not backed by business logic can be construed as misleading investors, said Shriram Subramanian, founder at Ingovern Research Services, a proxy advisory firm.
3 mins
February 19, 2026
Mint Kolkata
Humain invests $3 bn into Elon Musk's xAI
Saudi Arabian artificial intelligence company Humain has invested $3 billion into Elon Musk’s xAI, deepening ties between the world’s richest man and the kingdom as it pushes to become a global AI powerhouse.
1 min
February 19, 2026
Mint Kolkata
HUL plans to invest ₹2k cr in 2 yrs to add capacity
Fast-moving consumer goods player HUL on Wednesday said it will invest ₹2,000 crore to enhance manufacturing capacity in fast-growing premium categories across beauty and well-being and home care segments.
1 min
February 19, 2026
Mint Kolkata
First foundational Indian AI models launched on Day 3
“AI is entering a new phase, where intelligence is directly built into devices and systems that people depend on everyday—smartphones and PCs to cars, machines and robots.
2 mins
February 19, 2026
Mint Kolkata
Maruti's EV foray
This week, Maruti Suzuki India launched eVitara, its first electric vehicle (EV) offering.
1 min
February 19, 2026
Mint Kolkata
U.S. hardens allegation that China conducted a secret nuclear test
The U.S. presented new seismic data Tuesday to buttress its recent allegation that China has secretly carried out low-yield nuclear tests, challenging Beijing’s insistence that it has scrupulously observed an international accord banning all nuclear detonations.
2 mins
February 19, 2026
Mint Kolkata
Good rain, GST cut, early Chaitra Navratri to drive record tractor sales
Tills ringing
2 mins
February 19, 2026
Mint Kolkata
JM Financial's new ₹1,500 crore fund eyes pre-IPO bets
JM Financial Asset Management has launched a ₹1,500-crore category II alternate investment fund (AIF) to invest in pre-IPO companies, according to a top executive at the firm.
1 mins
February 19, 2026
Mint Kolkata
ICE MT leases GCC space in Pune
ICE MT India Pvt. Ltd, a subsidiary of US financial services firm Intercontinental Exchange Inc., has opened a 193,053 sq. ft global capability centre (GCC) at Pune’s Magarpatta Cybercity business park.
1 min
February 19, 2026
Mint Kolkata
Lagarde set to make early exit from ECB
An early departure by Christine Lagarde could narrow the field of candidates vying to succeed her as European Central Bank president.
1 min
February 19, 2026
Listen
Translate
Change font size