Following the notification allowing 100 per cent foreign direct investment (FDI) in the insurance sector, the Finance Ministry has revised norms to remove the requirement that a majority of directors and key management personnel in an insurance company with foreign investment be Indian residents.
The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of India (Irdai), while there is ambiguity in the very definition of the insurance business, according to industry experts.
The Jan Vishwas (Amendment of Provisions) Bill 2025, aimed at decriminalizing minor offenses to promote ease of living and business, was introduced in the Lok Sabha and referred to a Select Committee.
The government has circulated among members ofParliament a new draft of the Amendment of Insurance laws Bill, 2025, proposing stricter safeguards on the utilisation of life insurance funds and other specified insurance business funds, particularly for dividend payouts, bonuses, and servicing of debentures.
The winter session of Parliament is set to begin with the government prioritizing its reforms agenda, including a bill to open the civil nuclear sector to private players. The opposition is expected to raise concerns about electoral roll revisions and air pollution.
Congress MP Manish Tewari has introduced a bill in Lok Sabha that seeks to allow parliamentarians to take an independent line in voting on bills and motions other than those affecting the government's stability in a bid to free them from "whip-driven tyranny" and promote "good lawmaking".
Construction major L&T is gearing up to expand its footprint in the global nuclear supply chain, a senior company official has said, while calling for amendments to key legislations on the domestic front to pave the way for the entry of private players and foreign capital necessary for capacity enhancement.
BJP leader Chalavadi Narayanaswamy alleges 'horse-trading' within the ruling Congress in Karnataka, claiming MLAs are being offered bribes. He also accuses AICC general secretary Randeep Singh Surjewala of demanding money from ministerial aspirants and plans to write to the Enforcement Directorate.
'It will increase the contribution to gratuity, which is something the employer has to give.'
The International Monetary Fund, in its report on the Indian economy, said the Insolvency and Bankruptcy Code (IBC) Amendment Bill addresses many deficiencies but it has not provided for the participation of operational creditors or rules for executory contracts. The IMF staff report said that the business dynamism in India remains relatively low, marked by low rates of entry and exit, and a high share of inactive or inefficient firms reflecting structural rigidities and high compliance levels.
Both Mr Modi and Amit Shah like Nabin because they know he will never answer back, points out Aditi Phadnis.
The party's state unit chief, Mangani Lal Mandal, made the remark a day after the state building construction department issued a notification directing Rabri Devi to shift to 39, Hardinge Road, which has been "earmarked" as the residence of the leader of the opposition in the legislative council.
Maharashtra Deputy Chief Minister Ajit Pawar on Saturday said officials responsible for registering documents should have refused to process agreements that were not permissible under the law and clearly informed the parties concerned about such limitations.
The Opposition in Maharashtra boycotted the government's customary tea party on the eve of the Winter session, citing its failure to appoint leaders of the opposition (LoPs) in both houses of the state legislature.
'Definitely BJP is creating trouble in the water. That's all. It's fishing in troubled waters.'
While the move may give a competitive edge over rivals like Bangladesh in the global market, several industry bodies raised concerns that many state governments may not implement it on the ground.
The Monsoon session of Parliament concluded after facing disruptions and protests over the revision of electoral rolls in Bihar. Despite the disruptions, the government managed to pass key legislations.
The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth, chairman of Insurance Regulatory and Development Authority of India (Irdai) at the Business Standard BFSI Insight Summit 2025.
'When the BJP wanted the election to focus on 'ghuspathiya' and promises that look like pies in the sky, we forced them to talk about jobs, giving free 125 units of power, and addressing women's indebtedness.'
Assam Chief Minister Himanta Biswa Sarma said in the assembly on Tuesday that singer Zubeen Garg's death while swimming in the sea in Singapore is a case of 'plain and simple murder'.
'If the RJD loses it would be out of power for nearly 25 years. Meanwhile, the JD-U will have survival issues if it gets less number of seats.'
The debate over working hours flared up after Infosys Co-founder N R Narayana Murthy called for 14-hour workdays.
Force Motors, known for its shared mobility solutions, is gearing up to expand its presence in global markets and defence segment having consolidated its position in India by narrowing down on focus areas for profitable growth, according to managing director Prasan Firodia.
The Karnataka high court stayed enforcement of the Karnataka Cinemas (Regulation) (Amendment) Rules, 2025, which fixed a cap for movie ticket prices at Rs 200 across the state.
The Karnataka High Court has stayed the enforcement of a rule that capped movie ticket prices at Rs 200 across the state, following a petition by the Multiplex Association of India and other cinema stakeholders.
Rashtriya Janata Dal president Lalu Prasad Yadav's daughter Rohini Acharya on Sunday charged cohorts of her brother Tejashwi Yadav with accusing her of donating a 'bad' kidney to her father, 'in exchange for crores of rupees and a party ticket'.
While it is evident that the INDIA bloc has not shut its doors on Nitish Kumar, those within the NDA are hopeful that the JD-U's support base would benefit them as well
'Many are saying that some significant announcement regarding Jammu and Kashmir or even separate statehoods might come; that possibility cannot be ruled out given today's date.'
Online gaming firm Gameskraft on Thursday said it is laying off 120 employees as it navigates new regulatory landscape post the passage of the Online Gaming Bill, 2025.
'When maximum voter participation occurs, they do not vote to re-elect the incumbent government. They vote to change it.' 'How can anyone credibly suggest that crores of young voters -- particularly the unemployed youth -- would vote to re-elect an existing government that has demonstrably failed them?'
The government has identified 50 public-private partnership (PPP) projects worth over Rs 60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.
While the new income tax law replaces the Income Tax Act, 1961 and omits 13 offences, 35 actions and omissions continue to attract criminal liability under 13 provisions.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
'...so cases that arose under the existing Act will be adjudicated under the old provisions.' 'Care has been taken to ensure that the new I-T Act does not give rise to interpretational issues.'
'Every party want to contest more seats, nothing wrong in it. We have to compromise to take all together as the NDA.'
The Himachal Pradesh High Court acquitted one convict and commuted the death sentence of two others to life imprisonment in the 2014 Yug Gupta murder case.
Dhankhar, who represented the Kishangarh Assembly constituency as a Congress MLA from 1993 to 1998, received pension as a former legislator until July 2019. It was discontinued after he was appointed the governor of West Bengal.
The Bihar Assembly session was adjourned after a heated exchange between Chief Minister Nitish Kumar and leader of the opposition Tejashwi Yadav regarding the special intensive revision of electoral rolls. The situation escalated quickly, leading to unparliamentary language and a shouting match between members of the ruling and opposition parties.
'Our politics is transparent -- it's about ensuring farmers don't die by suicide, about ensuring agriculture remains viable, about ensuring food security for the nation.' 'If that's politics, then yes, we do politics.'
'One has to be very mindful because it will be applicable for big tech platforms and even for banks and insurers, whose business is completely different.'
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