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
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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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

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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | UPA-II gambles with another round of big bang reforms -Sujay Mehdudia    </title>
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-The Hindu





FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared





Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the..."/>
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-The Hindu





FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared





Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the..." />
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		 Published on</span><span class="text-date"> Oct 5, 2012</span>
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                            <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the FDI cap in the insurance sector to 49 per cent, opening up the pension sector for foreign investment and clearing the Companies Bill, 2011. It also approved amendments to the Competition Act, 2002, and the Foreign Contracts (Regulation) Amendment Bill, 2010.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">To give a push to the infrastructure sector, the Cabinet also cleared a tripartite agreement for Infrastructure Debt Fund (IDF), the 12th Five Year Plan document and granted international airport status to the Lucknow, Varanasi, Tiruchi, Mangalore and Coimbatore airports.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The tripartite agreement is among the developer, the lender (bank) and the IDF. Loans will be refinanced by the IDF so that banks could have free funds for more lending. The IDF, proposed in the Union budget for 2011-12, is aimed at accelerating and enhancing the flow of long-term credit for funding infrastructure development.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the government could run into trouble as the Pension Fund Regulatory and Development Authority Bill, 2011, and the Insurance Laws (Amendment) Bill, 2008, which have been pending in the Rajya Sabha, could face a stiff opposition in Parliament.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet, at a meeting presided over by Prime Minister Manmohan Singh, decided to raise the cap on FDI in insurance from 26 per cent to 49 per cent, citing the growing capital requirements of capital insurance companies. The sector needed $12-billion worth of investments, which could come off only if the FDI limit was raised, the government argued.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet also approved certain amendments to the Pension Fund Regulatory and Development Authority Bill. &ldquo;These amendments have been necessitated in view of the recommendations of the Standing Committee on Finance, which has examined the Bill. The government has decided to accept five key recommendations,&rdquo; an official release said. Though the cap on FDI in the pension sector has not been announced, Finance Minister P. Chidambaram said it would be of the same order of 49 per cent as in the insurance sector.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet approved the Forward Contract Regulation Act (Amendment) Bill, which seeks to give more powers to the Forward Markets Commission (FMC), the commodity markets regulator. It will strengthen the FMC by providing it with financial autonomy, facilitate the entry of institutional investors and introduce new products for trading such as options and indices.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet gave the green signal for further amending the Competition Act 2002, so as to meet the present-day needs in competition, in the light of the experience gained from the working of the Competition Commission of India in the past few years.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Companies Bill, 2011, meant to ensure the growth and regulation of the corporate sector, was also approved.&nbsp;</div>                                                           
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-The Hindu





FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared





Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the..."/>
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FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared





Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the..." />
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    <h1 class="cat-box-title">UPA-II gambles with another round of big bang reforms -Sujay Mehdudia</h1>
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                            <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the FDI cap in the insurance sector to 49 per cent, opening up the pension sector for foreign investment and clearing the Companies Bill, 2011. It also approved amendments to the Competition Act, 2002, and the Foreign Contracts (Regulation) Amendment Bill, 2010.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">To give a push to the infrastructure sector, the Cabinet also cleared a tripartite agreement for Infrastructure Debt Fund (IDF), the 12th Five Year Plan document and granted international airport status to the Lucknow, Varanasi, Tiruchi, Mangalore and Coimbatore airports.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The tripartite agreement is among the developer, the lender (bank) and the IDF. Loans will be refinanced by the IDF so that banks could have free funds for more lending. The IDF, proposed in the Union budget for 2011-12, is aimed at accelerating and enhancing the flow of long-term credit for funding infrastructure development.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the government could run into trouble as the Pension Fund Regulatory and Development Authority Bill, 2011, and the Insurance Laws (Amendment) Bill, 2008, which have been pending in the Rajya Sabha, could face a stiff opposition in Parliament.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet, at a meeting presided over by Prime Minister Manmohan Singh, decided to raise the cap on FDI in insurance from 26 per cent to 49 per cent, citing the growing capital requirements of capital insurance companies. The sector needed $12-billion worth of investments, which could come off only if the FDI limit was raised, the government argued.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet also approved certain amendments to the Pension Fund Regulatory and Development Authority Bill. &ldquo;These amendments have been necessitated in view of the recommendations of the Standing Committee on Finance, which has examined the Bill. The government has decided to accept five key recommendations,&rdquo; an official release said. Though the cap on FDI in the pension sector has not been announced, Finance Minister P. Chidambaram said it would be of the same order of 49 per cent as in the insurance sector.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet approved the Forward Contract Regulation Act (Amendment) Bill, which seeks to give more powers to the Forward Markets Commission (FMC), the commodity markets regulator. It will strengthen the FMC by providing it with financial autonomy, facilitate the entry of institutional investors and introduce new products for trading such as options and indices.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet gave the green signal for further amending the Competition Act 2002, so as to meet the present-day needs in competition, in the light of the experience gained from the working of the Competition Commission of India in the past few years.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Companies Bill, 2011, meant to ensure the growth and regulation of the corporate sector, was also approved.&nbsp;</div>                                                           
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    <br><a href="http://www.thehindu.com/news/national/upaii-gambles-with-another-round-of-big-bang-reforms/article3965263.ece?homepage=true" class="re" target="_blank">The Hindu, 4 October, 2012, http://www.thehindu.com/news/national/upaii-gambles-with-another-round-of-big-bang-reforms/article3965263.ece?homepage=true</a><div class="clear"></div>
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-The Hindu





FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared





Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the..." />
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                            <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the FDI cap in the insurance sector to 49 per cent, opening up the pension sector for foreign investment and clearing the Companies Bill, 2011. It also approved amendments to the Competition Act, 2002, and the Foreign Contracts (Regulation) Amendment Bill, 2010.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">To give a push to the infrastructure sector, the Cabinet also cleared a tripartite agreement for Infrastructure Debt Fund (IDF), the 12th Five Year Plan document and granted international airport status to the Lucknow, Varanasi, Tiruchi, Mangalore and Coimbatore airports.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The tripartite agreement is among the developer, the lender (bank) and the IDF. Loans will be refinanced by the IDF so that banks could have free funds for more lending. The IDF, proposed in the Union budget for 2011-12, is aimed at accelerating and enhancing the flow of long-term credit for funding infrastructure development.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the government could run into trouble as the Pension Fund Regulatory and Development Authority Bill, 2011, and the Insurance Laws (Amendment) Bill, 2008, which have been pending in the Rajya Sabha, could face a stiff opposition in Parliament.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet, at a meeting presided over by Prime Minister Manmohan Singh, decided to raise the cap on FDI in insurance from 26 per cent to 49 per cent, citing the growing capital requirements of capital insurance companies. The sector needed $12-billion worth of investments, which could come off only if the FDI limit was raised, the government argued.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet also approved certain amendments to the Pension Fund Regulatory and Development Authority Bill. &ldquo;These amendments have been necessitated in view of the recommendations of the Standing Committee on Finance, which has examined the Bill. The government has decided to accept five key recommendations,&rdquo; an official release said. Though the cap on FDI in the pension sector has not been announced, Finance Minister P. Chidambaram said it would be of the same order of 49 per cent as in the insurance sector.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet approved the Forward Contract Regulation Act (Amendment) Bill, which seeks to give more powers to the Forward Markets Commission (FMC), the commodity markets regulator. It will strengthen the FMC by providing it with financial autonomy, facilitate the entry of institutional investors and introduce new products for trading such as options and indices.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Cabinet gave the green signal for further amending the Competition Act 2002, so as to meet the present-day needs in competition, in the light of the experience gained from the working of the Competition Commission of India in the past few years.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Companies Bill, 2011, meant to ensure the growth and regulation of the corporate sector, was also approved.&nbsp;</div>                                                           
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Home हिन्दी

UPA-II gambles with another round of big bang reforms -Sujay Mehdudia

Published on Oct 5, 2012   Modified on Oct 5, 2012

-The Hindu FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the FDI cap in the insurance sector to 49 per cent, opening up the pension sector for foreign investment and clearing the Companies Bill, 2011. It also approved amendments to the Competition Act, 2002, and the Foreign Contracts (Regulation) Amendment Bill, 2010. To give a push to the infrastructure sector, the Cabinet also cleared a tripartite agreement for Infrastructure Debt Fund (IDF), the 12th Five Year Plan document and granted international airport status to the Lucknow, Varanasi, Tiruchi, Mangalore and Coimbatore airports. The tripartite agreement is among the developer, the lender (bank) and the IDF. Loans will be refinanced by the IDF so that banks could have free funds for more lending. The IDF, proposed in the Union budget for 2011-12, is aimed at accelerating and enhancing the flow of long-term credit for funding infrastructure development. However, the government could run into trouble as the Pension Fund Regulatory and Development Authority Bill, 2011, and the Insurance Laws (Amendment) Bill, 2008, which have been pending in the Rajya Sabha, could face a stiff opposition in Parliament. The Cabinet, at a meeting presided over by Prime Minister Manmohan Singh, decided to raise the cap on FDI in insurance from 26 per cent to 49 per cent, citing the growing capital requirements of capital insurance companies. The sector needed $12-billion worth of investments, which could come off only if the FDI limit was raised, the government argued. The Cabinet also approved certain amendments to the Pension Fund Regulatory and Development Authority Bill. “These amendments have been necessitated in view of the recommendations of the Standing Committee on Finance, which has examined the Bill. The government has decided to accept five key recommendations,” an official release said. Though the cap on FDI in the pension sector has not been announced, Finance Minister P. Chidambaram said it would be of the same order of 49 per cent as in the insurance sector. The Cabinet approved the Forward Contract Regulation Act (Amendment) Bill, which seeks to give more powers to the Forward Markets Commission (FMC), the commodity markets regulator. It will strengthen the FMC by providing it with financial autonomy, facilitate the entry of institutional investors and introduce new products for trading such as options and indices. The Cabinet gave the green signal for further amending the Competition Act 2002, so as to meet the present-day needs in competition, in the light of the experience gained from the working of the Competition Commission of India in the past few years. The Companies Bill, 2011, meant to ensure the growth and regulation of the corporate sector, was also approved.

The Hindu, 4 October, 2012, http://www.thehindu.com/news/national/upaii-gambles-with-another-round-of-big-bang-reforms/article3965263.ece?homepage=true

Tagged with: FDI Insurance Pension

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