Laws governing insurance, stock markets to be rewritten
The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. NEW DELHI: The Cabinet on Thursday cleared rewriting of laws in two critical sectors – stock markets and insurance. The plan is to allow 100%…
Rupee at historic low: How 9% real depreciation could reshape India’s economy – explained
Rupee depreciation: Experts are of the view that this weakness may persist in the near term. (AI image) The rupee has been in a downward spiral versus the US dollar – hitting new historical lows and even crossing the 90 mark. The depreciation has been steep, and even more on a real effective basis. In…
Govt clears 100% FDI, composite licences in sweeping insurance reforms
The Insurance Laws (Amendment) Bill is expected to be introduced in both houses of Parliament next week, the first of the two officials quoted above said. The bill allows a differential licensing regime to support micro-insurers serving low-income and rural populations and paves the way for captive insurers — allowing conglomerates to establish in-house insurers…
