-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...
More »SEARCH RESULT
Total Matching Records found : 1875
Five points on the future of nuclear power in India -Rahul Siddharthan
-The Hindu In response to my recent article in The Hindu, “The real questions from Kudankulam” (edit page, September 14, 2012), supporting nuclear power and arguing for an independent regulatory authority, I received much feedback, largely positive, some critical; some of which deserves a response. Many of these points have been made by others, repeatedly, but some are new to me. 1) Independent oversight: Two credible people said that I was too...
More »Reforms Necessary to Strengthen Social Sector: Cong
-Outlook Defending the recent slew of reforms, Union Law Minister Salman Khurshid today said these steps were necessary to maintain a robust growth rate so that there was no dearth of funds for the social sector. "The UPA government had assumed power in the country with the promise of enabling the people to realise their full potential. To fulfil this promise, it was essential to banish what we call the Inspector Raj...
More »Cabinet Nod for Changes in Competition Act
-Outlook The government today expanded the ambit of Competition Commission of India (CCI), with an amendment to the Competition Act, following which all sectors would fall under the purview of the fair trade regulator. Approving a proposal by the Ministry of Corporate Affairs in this regard, the Union Cabinet this evening decided to amend the Competition Act, 2002 with a view to fine tune the regulations to bring it at par with...
More »Cabinet to consider FDI in pension, insurance
-PTI In another round of big-ticket reforms, the Union Cabinet will consider on Thursday raising the FDI cap in insurance sector to 49% and opening the pension sector to foreign investment besides creation of a National Investment Board. The Cabinet will also consider a number of other crucial measures like giving more powers to commodity market regulator FMC, Competition Bill to bring all sectors under Companies Act, and model tripartite agreement for operationalising...
More »
