New insurance FDI rules a mixed bag for foreign investors
The Hindu
Indian ownership and control norms tweaked after ceiling hike to 74%
NEW DELHI Indian promoters of insurance joint ventures with foreign partners will no longer be able to nominate a majority of the board members, as per new rules notified under the Insurance Act. The rules come into effect following recent amendments to enhance the foreign direct investment (FDI) limit in insurance from 49% to 74%. However, a majority of board members and key management persons (KMP) need to be Resident Indian citizens, as should at least one of the three top positions — the chairperson of the board, managing director and the chief executive officer.
Kannur leads in the Gold Cup race at the State School Arts Festival, with Thrissur and rivals close behind.
Indian diplomat's meeting with Jamaat Ameer deemed routine by MEA, emphasizing regular diplomatic interactions in Bangladesh.
Government increases TDR compensation for plot owners near water bodies to encourage conservation efforts and attract participation.
Lakshya Sen's inconsistent performance leads to his exit from the India Open, concluding India's challenge in the tournament.
Rooster fights defy state bans in Krishna and Godavari districts, drawing large crowds and illegal betting during Sankranti festivities.
SRM University-AP students excel in athletics, winning three gold medals at the All-India Inter-University Championships 2025-26.
The Central Committee of the Communist Party of India (Marxist) on Friday pledged to mobilise people in resistance against the BJP-led Union government’s “anti-agricultural worker, anti-farmer, anti-worker, anti-people” laws and policies till they are all repealed, the party said on Friday. In a statement issued here, the CPI(M) said the members took the pledge following a three-day meeting held at Thiruvananthapuram.
Celebrated Kannada writer and thinker K. P. Poornachandra Tejaswi’s deep connection with literature, nature, and the Malnad landscape has taken centre stage at Lalbagh’s Republic Day Flower Show, themed ‘Tejaswi Vismaya’.
Pro-Iran rallies in Kashmir and Kargil express solidarity with Iran's regime amid ongoing domestic protests and international criticism.
Expressing the need for more number of socially responsive engineers and lawyers for furthering development of the country, Governor Thaawarchad Gehlot here on Friday lauded St. Aloysius institution for widening its service in the education sector by opening separate institutes for engineering and law
Delhi High Court requests government response on the detention of 16 Indian seafarers by Iran amid family concerns for their safety.
Balagere residents launch a road cleaning drive to address ongoing neglect and hazardous conditions causing frequent accidents.
Experience the vibrant performances of Kerala Kalolsavam 2026, showcasing Chavittu Natakam's rich heritage and youthful passion.