Bill introduced in RS to raise FDI in insurance sector to 74%

Newsroom24x7 Network New Delhi: The Insurance (Amendment) Bill, 2021 was introduced in the Rajya Sabha on the 15 March, 2021 for amending the Insurance Act, 1938, in order to raise the limit of foreign investment in Indian insurance companies from the existing 49 per cent. to 74 per cent  The limit of foreign investment insurance companies is… Read More Bill introduced in RS to raise FDI in insurance sector to 74%

Foreign Investment, Mauritius route and black money

Lalit Shastri Prime Minister Narendra Modi had promised during the 2014 election campaign that he would bring back the black money stashed abroad by Indian citzens after coming to power. The Modi led Government’s report card on this count draws a blank and people have started asking questions. A lot has already been analysed and… Read More Foreign Investment, Mauritius route and black money

Stressed assets with banks are unique opportunity for asset reconstruction companies and private equity firms: Arun Jaitley

Newsroom24x7 Staff New Delhi: Union Finance Minister Arun Jaitley today stated that the opportunities presented by the Insolvency and Bankruptcy Code (IBC) framework and Government’s emphasis on resolution represent a unique opportunity for Asset Reconstruction Companies (ARCs) and Private Equity firms (PE). At a meeting today with leading ARCs and PE firms focused on stressed… Read More Stressed assets with banks are unique opportunity for asset reconstruction companies and private equity firms: Arun Jaitley