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Union Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha Bill, 2025, proposing to raise FDI in the insurance sector to 100%. The bill aims to provide insurance to all by 2047, amending key insurance laws and establishing a policyholder protection fund. This move seeks to accelerate sector growth and enhance policyholder security. Union Finance Minister Nirmala Sitharaman on Tuesday introduced The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in Lok Sab ...Read More >
New Delhi: Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one to send the ...Read More >
Mumbai (Maharashtra) [India], December 17 (ANI): The Securities and Exchange Board of India (SEBI) on Wednesday approved a series of far-reaching regulatory reforms aimed at simplifying market regulations, lowering transaction costs and improving cost transparency, measures that are expected to boost investor participation across mutual funds, equity and debt markets. At its board meeting held in Mumbai, SEBI Chairman underlined the need for simplifying regulatory language and improving ease of ...Read More >
Odisha aims to become a leading pharmaceutical and medical device investment hub, as highlighted at the Odisha Pharma Summit 2025. "Odisha will be a leading destination for pharmaceutical and medical‑device investments - the most competitive hub for innovation and jobs. Yahi samay hai," said Chief Minister Mohan Charan Majhi while addressing the Odisha Pharma Summit 2025, the State's first dedicated summit focused on pharmaceuticals, medical devices, and life sciences manufacturing. The summi ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi will lead a high-level investors' roadshow in Hyderabad on December 19 as part of the state government's push to attract fresh investments and position Odisha as a preferred industrial destination. The roadshow, to be held over two days, will focus on promoting investment opportunities in key sectors including automotive components, IT and electronics system design and manufacturing (ESDM), chemicals, green energy, pharmaceuticals and medica ...Read More >
New Delhi, Dec 17 (PTI) Increasing the foreign direct investment limit to 100 per cent in the insurance sector will help expand coverage, create jobs and make life cover policies more affordable and accessible, said experts. They were commenting on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which was passed by the Parliament on Wednesday. The bill seeks to raise FDI (foreign direct investment) limit in the insurance sector from 74 per cent to 100 per cent. Terming th ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) The Rajya Sabha on Wednesday witnessed intense debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which proposes raising foreign direct investment (FDI) in the insurance sector to 100 pe cent from 74 per cent, among other reforms to modernise the industry and achieve 'Insurance for All by 2047'. The Bill, passed by the Lok Sabha on December 16, amends the Insurance Act, 1938; Life Insurance Corporation Act, 1956; and Insurance Regu ...Read More >
Kolkata, Dec 17 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday asserted that the state has emerged as the commercial capital of eastern and northeastern India, driven by strong MSME-led growth and its strategic geographic location. Addressing a programme of the Confederation of West Bengal Traders Association here, Banerjee rejected what she termed "ignorant" allegations that the state's debt has mounted to nearly Rs 7 lakh crore. She, however, did not reveal the exact amount th ...Read More >
New Delhi [India], December 17 (ANI): BJP National Vice President and MP of Kendrapara, Baijayant 'Jay' Panda, on Wednesday, chaired the Select Committee on the Insolvency and Bankruptcy (Amendment) Bill 2025. The report was tabled earlier today in the Lok Sabha. Also Read | India Summons Bangladesh High Commissioner, Says It Expects Yunus' Government to Ensure Safety of Indian Mission. Under Panda's leadership, the Select Committee examined 68 amendments. Each of the amendments for the Insol ...Read More >
New Delhi: Enhancing foreign direct investment limit to 100% will enable global insurance companies to inject substantial capital directly without waiting for domestic partners, Union finance minister Nirmala Sitharaman told the Lok Sabha on Tuesday as the House passed the insurance bill seeking to remove FDI cap along with over a dozen key sectoral reforms. "If there's a need for growing protection through insurance in this country, we need to have insurance more accessible," she said while re ...Read More >
A New Delhi workshop focused on global trends in investment facilitation, aiming to align India's domestic reforms with best practices. Experts discussed the WTO perspective, India's policy reforms, and rising FDI to boost ease of doing business. A workshop on "The Investment Facilitation Landscape: Emerging Trends and Approaches" was organised to examine emerging global trends in investment facilitation and ease of doing business. It brought together policymakers, experts and industry stakehol ...Read More >
New Delhi [India], December 16 (ANI): The Lok Sabha on Tuesday passed a bill that aims to strengthen policyholder protection, accelerate the growth of the insurance sector and raise the limit of FDI in the insurance sector from 74 per cent to 100 per cent. 'The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025' seeks to amend key legislations, including the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Authority of Ind ...Read More >
New Delhi, Dec 16 (PTI) The Lok Sabha on Tuesday passed a bill to raise FDI in the insurance sector to 100 per cent, with a view to providing insurance to all by 2047. Replying to a debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, in the Lower House, Finance Minister Nirmala Sitharaman said higher FDI will attract more players in the industry and make insurance policies more affordable. "Monopoly doesn't give us that advantage, and therefore, the more the competi ...Read More >
Bhubaneswar, Dec 16 (PTI) The Odisha government on Tuesday signed 45 memoranda of understanding (MoUs) with several companies, involving a total investment commitment of Rs 6,263 crore. The MoUs were signed here in the presence of Chief Minister Mohan Charan Majhi and Industries Minister Sampad Chandra Swain during the Odisha Pharma Summit-2025, officials said. These units in pharmaceuticals, medical technologies, and industrial infrastructure sectors are expected to generate employment for 38 ...Read More >
Ahmedabad, Dec 12 (IANS) Building on the global success of the Vibrant Gujarat Global Summit, launched in 2003 under Prime Minister Narendra Modi's vision, Chief Minister Bhupendra Patel is now steering Gujarat toward a more granular model of growth. His new initiative, the Vibrant Gujarat Regional Conferences (VGRC), aims to spotlight the unique strengths and sectoral opportunities of each region, ensuring development reaches every corner of the state. As part of this four-region plan, the Sa ...Read More >
New Delhi [India], December 16 (ANI): The Lok Sabha on Tuesday took up for consideration a bill that seeks to accelerate the growth and development of the insurance sector, ensure better protection of policyholders and improve ease of doing business for insurance companies Moving the 'Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Bill, 2025' for passage in the House, Union Finance Minister Nirmala Sitharaman said the bill provides for improved regulatory oversight. "We want the regula ...Read More >
Gandhinagar (Gujarat) [India], December 16 (ANI): The Government of Gujarat is organising the Vibrant Gujarat Regional Conference (VGRC) across four regions of Gujarat to realise the vision of Viksit Bharat @2047. As part of this, the district-level Vibrant Gujarat Regional Conference was held at Asopalav Lawns in Veraval, a flagship event of the Kutch and Saurashtra Regional Conferences, said an official release from the Gujarat CMO. According to a release, during the conference, industrialist ...Read More >
New Delhi: A bill seeking to raise Foreign Direct Investment (FDI) in India's insurance sector to 100 percent was introduced in the Lok Sabha on Tuesday, sparking protests from opposition parties. The bill, titled Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, aims to amend the Insurance Act, 1938, LIC Act, 1956, and IRDAI Act, 1999. Union Finance Minister Nirmala Sitharaman said the government has always focused on providing insurance for common people, including marginal sec ...Read More >
New Delhi, Dec 16 (PTI) A bill seeking to raise FDI in the insurance sector to 100 per cent was on Tuesday introduced in the Lok Sabha amid strong protest from the Opposition. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, seeks to amend Insurance Act, 1938, Life Insurance Corporation Act, 1956, and Insurance Regulatory and Development Authority Act, 1999, as per the bill circulated to members of Parliament. Introducing the bill, Union Finance Minister Nirmala Sitharaman ...Read More >
New Delhi [India], December 16 (ANI): Finance Minister Nirmala Sitharaman on Tuesday introduced the Insurance Laws (Amendment) Bill, 2025, titled "Sabka Bima Sabki Raksha", in the Lok Sabha, aiming to strengthen policyholder protection, deepen insurance penetration and accelerate the growth of the insurance sector in the country. The Bill seeks to amend key legislations, including the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Aut ...Read More >
India's Media and Entertainment sector is poised for significant growth, projected to contribute over $100 billion to GDP and create five million jobs by 2030. A new CII report urges an integrated policy framework, unified regulations, and infrastructure investment to transform India into a global creative hub. New Delhi: An integrated policy action framework is needed to transform India into a globally competitive creative economy hub by 2030, according to the CII's India's M&E Sector Report r ...Read More >
Visakhapatnam, Nov 14 (PTI) Commerce and Industry Minister Piyush Goyal on Friday said India is negotiating free trade agreements at present with countries, including the US, European Union, New Zealand, Oman, Peru and Chile. He also said that the India Trade Promotion Organisation (ITPO) would be happy to join hands with the Andhra Pradesh government to develop a world class convention centre - Andhra Mandapam - here like Bharat Mandapam in New Delhi. The minister added that lowering trade ba ...Read More >
Mumbai/Pune : Bajaj Finance Ltd., India's largest private sector non-bank lender and part of Bajaj Finserv, today said it had seen a surge in consumption finance during the festive season, disbursing a record number of consumer loans, higher by 27% in volume and 29% in value as compared to the same period last year. The rise in consumption credit, represented by loans for consumer goods, reflects the positive outcome of the government's next generation GST reforms and changes in personal income ...Read More >
Chennai, Nov 3 (UNI) CV makers Ashok Leyland, the Indian flagship of the Hinduja Group, signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) for dealer financing. Under this partnership, the Bank will provide competitive dealer finance options to the Medium and Heavy Commercial Vehicle (MHCV) dealers of Ashok Leyland. The MoU was signed by K. M. Balaji, Chief Financial Officer, Ashok Leyland, and Amitabh Rai, General Manager, PNB in the presence of senior officials from b ...Read More >
Itanagar: Arunachal Pradesh Chief Minister Pema Khandu said on Thursday that the state has immense potential, endowed with rich natural resources, unique agro-climatic conditions, and a strong tradition of craftsmanship. Inaugurating the two-day Arunachal Pradesh Reverse Buyer-Seller Meet (RBSM) 2025 at a city hotel here, the Chief Minister said the event marks a significant step toward positioning Arunachal Pradesh as a key contributor to India's export ecosystem. "From kiwi and mandarin oran ...Read More >
Market regulator Sebi has proposed a series of relaxations to ease the compliance burden for companies that have only listed their debt securities. In a consultation paper released on October 27, the regulator suggested revising the definition of Corporate High-Value Debt Listed Entities (HVDLEs), and exempting smaller issuers from stringent corporate governance and related party transaction (RPT) requirements. Also Read: SEBI proposes incentives to boost retail participation in debt securitie ...Read More >
Customs duty compliance just got simpler! The CBIC has merged 31 old notifications into one, making it easier for businesses to navigate exemptions and benefits. This move streamlines procedures, clarifies agriculture infrastructure development cess rates for key goods, and expands eligible agencies for duty-free precious metal imports. It's a significant step towards improving the ease of doing business in India. New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has consolidate ...Read More >
NEW DELHI: Central Board of Indirect Taxes and Customs (CBIC) Saturday rolled out another trade facilitation measure merging 31 Customs duty notifications into a consolidated one. It said the new notification would be effective from Nov 1. "A step towards simplification, transparency and ease of doing business," CBIC posted on X. In a set of FAQs released by the department it said this is a trade-friendly measure and Notification No. 45/2025-Customs has been issued by merging erstwhile notificat ...Read More >
To enhance the Ease of Doing Business, India's Central Board of Indirect Taxes and Customs (CBIC) has consolidated 31 customs duty notifications into a single document. In a step towards simplification, transparency, and enhancing Ease Of Doing Business, the Central Board of Indirect Taxes and Customs (CBIC) consolidated 31 separate Customs Duty notifications into a single comprehensive document. This new notification -- Notification No. 45/2025, dated October 24, 2025 -- will come into force o ...Read More >
New Delhi, Oct 25 (SocialNews.XYZ) The government has issued a new notification towards bringing a major reform in the customs exemption framework towards ease of doing business. The new notification by Ministry of Finance (Department of Revenue) rationalises and harmonises existing customs duty exemptions across various sectors. The Central Board of Indirect Taxes and Customs (CBIC) has consolidated 31 separate Customs Duty notifications into a single comprehensive document. The sectors covere ...Read More >
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