MP High Court: Women Retain Reservation Benefits After Marriage if Caste is Recognized in Both States || Allahabad HC: Police Must Prosecute Informants of False Firs, and IOs May Face Contempt if They Fail || MP HP: Over-Age Candidate Cannot Claim Age Relaxation Due to Delay in Earlier Recruitment || Kerala HC: Petrol Pump Licence is Automatically Cancelled on Lease Expiry Without Any Hearing || MP HC: Trial Courts Cannot Grant Permanent Injunction in Title Suits Without Recovery of Possession || MP High Court: Guardians Can be Liable For Minors Flying Kites With Chinese Manjha || SC: Under Order XXI Rule 102 CPC, A Transferee Pendente Lite Cannot Obstruct Execution of a Decree || SC: RTE Act promotes fraternity and equality by children of judges and vendors studying together || MP High Court: Aadhaar and Voter ID Cards are Not Definitive Proof of Date of Birth || Chhattisgarh HC: Second Marriage During Subsisting First Marriage Void Unless Custom Permits It

Review of Foreign Direct Investment policy in Insurance sector- (Ministry of Commerce and Industry) (23 Mar 2016)

MANU/INDP/0006/2016

Insurance

The Central Governments issued amendments to its ‘Consolidated FDI Policy Circular 2015’ to liberalise foreign direct investment in the insurance sector. Insurance companies, brokers, third party administrators, surveyors and loss assessors and other insurance intermediaries can now invite up to 49 per cent FDI in their equity. Foreign investment will be allowed by the automatic route, subject to verification by the IRDA.

Relevant : Indian Insurance Companies (Foreign Investment) Rules, 2015 MANU/FNSV/0003/2015

Tags : INSURANCE FOREIGN DIRECT INVESTMENT LIBERALISE

Share :