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English Release 21-September 2014
Date Month Year
  • Vice President's Secretariat
  • VICE PRESIDENT’S ADDRESS AT VALEDICTORY FUNCTION OF CENTENARY CELEBRATIONS OF CATHOLIC ASSOCIATION OF SOUTH KANARA AT MANGALORE
  • Prime Minister's Office
  • PM welcomes agreement between Afghan leaders Ashraf Ghani and Abdullah Abdullah
  • Transcript of Prime Minister's Interview to CNN
  • PM congratulates John Key on re-election as PM​ of New Zealand
  • PM greets Japanese PM Shinzo Abe on his birthday
  • Min of Road Transport & Highways
  • Shri Gadkari to Assess Damage to the Roads Due to Floods in J & K
  • Min of Rural Development
  • Nitin Gadkari to visit Srinagar tomorrow for high level review of relief operations

Previous Date

 
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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