IndiaInsurance
9th September 2009, 02:41 AM
The government is committed to clear the Insurance Amendment Bill that seeks to raise foreign direct investment (FDI) limit in the sector to 49% from the current 26%, minister of state for finance Namo Narain Meena said on Tuesday. This is under preparation and is being given a final shape for discussion in Parliament, Meena said on the sidelines of a seminar organised by the Federation of Indian Chambers of commerce and Industry (Ficci) and the Indian Banks Association. The country has 22 life insurance companies, 21 non-life firms and one reinsurer, according to the Insurance Regulatory and Development Authority ...
More... (http://in.biz.yahoo.com/090908/50/bau5nm.html)
More... (http://in.biz.yahoo.com/090908/50/bau5nm.html)