Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Buffett seeks higher FDI in Indian insurance sector    </title>
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Wants limit to be raised to 49% 

Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.

The U.S.-based company is keenly watching..."/>
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Wants limit to be raised to 49% 

Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.

The U.S.-based company is keenly watching..." />
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                            <em><br /></em><div align="justify"><em>Wants limit to be raised to 49% <br /></em><br />Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.<br /><br />The U.S.-based company is keenly watching the developments regarding further opening of the sector to foreign investment.<br /><br />Mr. Buffett, whose group Berkshire Hathaway recently entered the Indian insurance market, called on IRDA Chairman J. Harinarayan here and wanted to know if the FDI cap would be raised to 49 per cent. IRDA is the insurance regulator.<br /><br />Mr. Buffett, known for his business acumen and choice of investments, said that India &ldquo;is an exciting market.&rdquo;<br /><br />The Insurance Laws (Amendment) Bill, 2008 is pending in Parliament.<br /><br />The Bill, when enacted, would allow raising of the FDI cap to 49 per cent. However, it has been awaiting approval since 2008 as it was delayed by strong opposition from the Left parties.<br /><br />Berkshire Hathaway had recently forayed into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General.<br /><br />On his maiden visit, Mr. Buffett had said that a foreign investment cap of 26 per cent in insurance sector here was a deterrent.<br /><br />Earlier in the day, Berkshire Hathaway's head of re-insurance Ajit Jain said the question of larger investments in the sector in India &ldquo;depends on regulation.&rdquo;<br /><br />Of Indian origin, Mr. Jain, long rumoured to succeed Mr. Buffet, looks after the conglomerate's multi-billion dollar re-insurance business.<br /><br />On Thursday, Mr. Buffett along with Microsoft founder Bill Gates, held a dinner meeting here with 70 business people, including Wipro Chairman Azim Premji, and discussed a wide range of issues related to philanthropy.<br /><br />As part of its India entry, the American conglomerate has incorporated Berkshire India to sell and distribute general insurance products in India. It would directly sell insurance to consumers through the portal &lsquo;www.berkshireinsurance.com' and by way of telemarketing.<br /><br />Berkshire Hathaway is a sprawling conglomerate that has interests in various businesses, including property and casualty insurance and reinsurance, finance, manufacturing, and retailing. &mdash; PTI</div>                                                           
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    <br><a href="http://www.hindu.com/2011/03/26/stories/2011032666971600.htm" class="re" target="_blank">The Hindu, 26 March, 2011, http://www.hindu.com/2011/03/26/stories/2011032666971600.htm</a><div class="clear"></div>
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Wants limit to be raised to 49% 

Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.

The U.S.-based company is keenly watching..."/>
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Wants limit to be raised to 49% 

Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.

The U.S.-based company is keenly watching..." />
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                            <em><br /></em><div align="justify"><em>Wants limit to be raised to 49% <br /></em><br />Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.<br /><br />The U.S.-based company is keenly watching the developments regarding further opening of the sector to foreign investment.<br /><br />Mr. Buffett, whose group Berkshire Hathaway recently entered the Indian insurance market, called on IRDA Chairman J. Harinarayan here and wanted to know if the FDI cap would be raised to 49 per cent. IRDA is the insurance regulator.<br /><br />Mr. Buffett, known for his business acumen and choice of investments, said that India &ldquo;is an exciting market.&rdquo;<br /><br />The Insurance Laws (Amendment) Bill, 2008 is pending in Parliament.<br /><br />The Bill, when enacted, would allow raising of the FDI cap to 49 per cent. However, it has been awaiting approval since 2008 as it was delayed by strong opposition from the Left parties.<br /><br />Berkshire Hathaway had recently forayed into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General.<br /><br />On his maiden visit, Mr. Buffett had said that a foreign investment cap of 26 per cent in insurance sector here was a deterrent.<br /><br />Earlier in the day, Berkshire Hathaway's head of re-insurance Ajit Jain said the question of larger investments in the sector in India &ldquo;depends on regulation.&rdquo;<br /><br />Of Indian origin, Mr. Jain, long rumoured to succeed Mr. Buffet, looks after the conglomerate's multi-billion dollar re-insurance business.<br /><br />On Thursday, Mr. Buffett along with Microsoft founder Bill Gates, held a dinner meeting here with 70 business people, including Wipro Chairman Azim Premji, and discussed a wide range of issues related to philanthropy.<br /><br />As part of its India entry, the American conglomerate has incorporated Berkshire India to sell and distribute general insurance products in India. It would directly sell insurance to consumers through the portal &lsquo;www.berkshireinsurance.com' and by way of telemarketing.<br /><br />Berkshire Hathaway is a sprawling conglomerate that has interests in various businesses, including property and casualty insurance and reinsurance, finance, manufacturing, and retailing. &mdash; PTI</div>                                                           
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    <br><a href="http://www.hindu.com/2011/03/26/stories/2011032666971600.htm" class="re" target="_blank">The Hindu, 26 March, 2011, http://www.hindu.com/2011/03/26/stories/2011032666971600.htm</a><div class="clear"></div>
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Wants limit to be raised to 49% 

Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.

The U.S.-based company is keenly watching..."/>
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Wants limit to be raised to 49% 

Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.

The U.S.-based company is keenly watching..." />
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                            <em><br /></em><div align="justify"><em>Wants limit to be raised to 49% <br /></em><br />Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent.<br /><br />The U.S.-based company is keenly watching the developments regarding further opening of the sector to foreign investment.<br /><br />Mr. Buffett, whose group Berkshire Hathaway recently entered the Indian insurance market, called on IRDA Chairman J. Harinarayan here and wanted to know if the FDI cap would be raised to 49 per cent. IRDA is the insurance regulator.<br /><br />Mr. Buffett, known for his business acumen and choice of investments, said that India &ldquo;is an exciting market.&rdquo;<br /><br />The Insurance Laws (Amendment) Bill, 2008 is pending in Parliament.<br /><br />The Bill, when enacted, would allow raising of the FDI cap to 49 per cent. However, it has been awaiting approval since 2008 as it was delayed by strong opposition from the Left parties.<br /><br />Berkshire Hathaway had recently forayed into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General.<br /><br />On his maiden visit, Mr. Buffett had said that a foreign investment cap of 26 per cent in insurance sector here was a deterrent.<br /><br />Earlier in the day, Berkshire Hathaway's head of re-insurance Ajit Jain said the question of larger investments in the sector in India &ldquo;depends on regulation.&rdquo;<br /><br />Of Indian origin, Mr. Jain, long rumoured to succeed Mr. Buffet, looks after the conglomerate's multi-billion dollar re-insurance business.<br /><br />On Thursday, Mr. Buffett along with Microsoft founder Bill Gates, held a dinner meeting here with 70 business people, including Wipro Chairman Azim Premji, and discussed a wide range of issues related to philanthropy.<br /><br />As part of its India entry, the American conglomerate has incorporated Berkshire India to sell and distribute general insurance products in India. It would directly sell insurance to consumers through the portal &lsquo;www.berkshireinsurance.com' and by way of telemarketing.<br /><br />Berkshire Hathaway is a sprawling conglomerate that has interests in various businesses, including property and casualty insurance and reinsurance, finance, manufacturing, and retailing. &mdash; PTI</div>                                                           
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    <br><a href="http://www.hindu.com/2011/03/26/stories/2011032666971600.htm" class="re" target="_blank">The Hindu, 26 March, 2011, http://www.hindu.com/2011/03/26/stories/2011032666971600.htm</a><div class="clear"></div>
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Home हिन्दी

Buffett seeks higher FDI in Indian insurance sector

Published on Mar 26, 2011   Modified on Mar 26, 2011

Wants limit to be raised to 49% Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent. The U.S.-based company is keenly watching the developments regarding further opening of the sector to foreign investment. Mr. Buffett, whose group Berkshire Hathaway recently entered the Indian insurance market, called on IRDA Chairman J. Harinarayan here and wanted to know if the FDI cap would be raised to 49 per cent. IRDA is the insurance regulator. Mr. Buffett, known for his business acumen and choice of investments, said that India “is an exciting market.” The Insurance Laws (Amendment) Bill, 2008 is pending in Parliament. The Bill, when enacted, would allow raising of the FDI cap to 49 per cent. However, it has been awaiting approval since 2008 as it was delayed by strong opposition from the Left parties. Berkshire Hathaway had recently forayed into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General. On his maiden visit, Mr. Buffett had said that a foreign investment cap of 26 per cent in insurance sector here was a deterrent. Earlier in the day, Berkshire Hathaway's head of re-insurance Ajit Jain said the question of larger investments in the sector in India “depends on regulation.” Of Indian origin, Mr. Jain, long rumoured to succeed Mr. Buffet, looks after the conglomerate's multi-billion dollar re-insurance business. On Thursday, Mr. Buffett along with Microsoft founder Bill Gates, held a dinner meeting here with 70 business people, including Wipro Chairman Azim Premji, and discussed a wide range of issues related to philanthropy. As part of its India entry, the American conglomerate has incorporated Berkshire India to sell and distribute general insurance products in India. It would directly sell insurance to consumers through the portal ‘www.berkshireinsurance.com' and by way of telemarketing. Berkshire Hathaway is a sprawling conglomerate that has interests in various businesses, including property and casualty insurance and reinsurance, finance, manufacturing, and retailing. — PTI

The Hindu, 26 March, 2011, http://www.hindu.com/2011/03/26/stories/2011032666971600.htm

Tagged with: FDI

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