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English Release 23-August 2014
Date Month Year
  • President's Secretariat
  • President of India Condoles The Passing Away of U R Ananthamurthy
  • President calls upon IITs to play a pivotal role in developing newer cutting edge technologies
  • Prime Minister's Office
  • Prime Minister receives Tamil National Alliance delegation
  • Min of Agriculture
  • Union Agriculture Minister lays Foundation Stone for Saffron Park Project at Pampore, Pulwama
  • Min of Defence
  • First Indigenously Built Stealth Anti-Submarine Warfare Ship- INS Kamorta- Commissioned
  • Min of Health and Family Welfare
  • All systems in AIIMS under review: Dr Harsh Vardhan
  • Ministry of Water Resources
  • Ghagra Continues to Flow in High Flood Situation

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Ministry of Finance30-November, 2012 15:30 IST
Foreign Companies in Insurance Sector

The Insurance Regulatory and Development Authority (IRDA) has informed that no foreign company is presently functioning in India. However, foreign companies are allowed as joint venture partners in the Indian insurance industry with a Foreign Direct Investment (FDI) cap of 26 per cent and at present 38 private insurance companies are functioning in India along with their joint venture partners.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.

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