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Wednesday 22 April 2015
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Cabinet to approve pension, insurance bills: Minister

NEW DELHI , Oct 3, 2012, (Reuters) -

The cabinet will approve amended bills on Thursday that seek to permit 26 percent foreign direct investment (FDI) in the pension sector and 49 percent in the insurance sector, a minister told reporters on Wednesday.

The bills will need parliamentary approval before becoming law. Currently, India does not allow FDI in the pension sector, while foreign investment in insurance is capped at 26 percent.


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Tribute to JB Pattanaik

Tribute to JB Pattanaik

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Galina Gorlova stands outside her destroyed home as she speaks to neighbours in the village of Nikis

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Atletico Madrid's coach Simeone attends a news conference in Madrid

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Pal community mass marriage ceremony

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Indian students take part in a fitness program in Ahmedabad

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One World Trade Center stands in Lower Manhattan,

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People buy gold on the occassion of Akshaya Tritiya

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People flee Sanaa with their belongings after an air strike hit a nearby army weapons depot

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An F/A-18C Hornet launches from the flight deck of the aircraft carrier USS Theodore Roosevelt

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People take part in the Color Run near the Eiffel Tower, in Paris

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