GOVT. Places the insurance bill In Rajya Sabha
December 23rd, 2008
When barely few months left to the congress led UPA government to end its term the govt. has introduces the insurance reforms bill in Rajya Shbha.
Increase in FDI cap to 49%
The give permission to raise newer capital
Divestment curbs on the Indian promoters to go
Reduction in minimum capital requirement for pure health insurers.
Public sector general insurers to be allowed to tap markets
Both Life Insurance council and General insurance council are to be made self regulating bodies
The bill was introduced amid of strong options from the Left parties.
The lest parties have the major problem on increase in FDI limit to 49%