Tag: Amendment
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Lok Sabha Approves Insurance coverage Modification Invoice for 100% FDI in Insurance coverage Sector
The Lok Sabha on Tuesday handed the Insurance coverage Modification Invoice, paving the way in which for permitting as much as 100 per cent international direct funding (FDI) in insurance coverage corporations, a transfer the federal government says will deepen capital flows and strengthen the sector. The laws, cleared earlier by the Union Cupboard chaired…
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President Dismisses Modification Invoice to Appoint CM as Chancellor of West Bengal Universities
President Droupadi Murmu has rejected an modification invoice handed by the West Bengal meeting proposing the Chief Minister’s title because the Chancellor in state universities of West Bengal rather than the Governor. As per data acquired from the Governor’s workplace in Kolkata, Governor Dr C V Bose reserved the invoice for the President’s consideration…
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Key Adjustments and Omissions within the Insurance coverage Modification Invoice: Insights from Former IRDAI Members
The Union Cupboard has authorized the Insurance coverage Modification Invoice, which will increase the international direct funding (FDI) restrict within the sector from 49% to 100%. The invoice, nevertheless, doesn’t embody proposals for composite licenses or open structure, elements that had been extensively mentioned in coverage circles. In a dialogue with CNBC-TV18, former Insurance coverage…
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Decoding the Sabka Bima Sabki Raksha (Modification of Insurance coverage Legal guidelines) Invoice: Key Inclusions and Exclusions
The Union Cupboard on Friday (December 12) authorised the Sabka Bima Sabki Raksha (Modification of Insurance coverage Legal guidelines) Invoice, 2025, clearing the way in which for its introduction in Parliament. The Invoice seeks to revamp India’s insurance coverage framework, proposing sweeping adjustments to the Insurance coverage Act, 1938, the Life Insurance coverage Company Act,…
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Cupboard Approves 100% FDI in Indian Insurance coverage Corporations By way of Insurance coverage Modification Invoice
The Union Cupboard, led by Prime Minister Narendra Modi, on Friday permitted a landmark invoice elevating the overseas direct funding (FDI) restrict in insurance coverage corporations to 100%, together with structural reforms to strengthen the sector, sources instructed ET. The change is anticipated to draw important overseas capital, enhance competitors, and improve buyer providers in…
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Cupboard to Overview Insurance coverage Modification Invoice Proposing 100% FDI Improve
The Union Cupboard is predicted to take up the Insurance coverage Modification Invoice for approval on Friday (December 12), in line with folks conversant in the matter. The proposed laws consists of elevating the international direct funding (FDI) restrict in insurance coverage corporations to 100%, amongst different structural modifications. The Invoice goals to amend three…
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Rahul Gandhi Advocates Retrospective Modification to Election Fee Legal guidelines in Lok Sabha
Talking on the necessity for electoral reforms within the Lok Sabha Tuesday, Chief of the Opposition (LoP) Rahul Gandhi accused the RSS and the BJP of attempting to assault the correct to vote, which he stated was an “anti-national” act, including, “We’ll change the legislation retrospectively, and we’ll come in search of you.” He spelled…