Insurance Amendment Bill likely to be introduced in Parliament during monsoon session | Here's what it means

Insurance Amendment Bill likely to be introduced in Parliament during monsoon session | Here's what it means

The Insurance Amendment Bill, which proposes increasing foreign direct investment (FDI) in the insurance sector to 100 per cent, is expected to be introduced in the upcoming monsoon session of Parliament, according to sources. The draft bill is ready and will soon be presented for Cabinet approval. Following this, the Department of Financial Services under the Ministry of Finance will initiate the process to introduce the Bill in Parliament. The…

Finmin targets to introduce Insurance Amendment Bill in Parliament during monsoon session

New Delhi, Apr 27 (PTI) The Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may be introduced in Parliament in the upcoming monsoon session, sources said. The draft bill is ready and will be placed before Cabinet for its approval soon, sources said, adding, after Cabinet nod the Department of Financial Services under the finance ministry would begin the process for introduction of the Bill in the Parliament. Th…