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Union Budget 2025: Government proposes 100% FDI in insurance sector

Economic Times

Economic Times · 6m ago

Union Budget 2025: Government proposes 100% FDI in insurance sector

The government plans to increase foreign direct investment (FDI) in the insurance sector to 100%, removing the current 74% cap. Announced by Finance Minister Nirmala Sitharaman, this change aims to attract global insurers, enhance competition, and introduce new market players. Initially, FDI limits were raised from 26% to 49% in 2015 and then to 74% in 2021. The proposal may also allow insurers to manage various business lines within one entity.

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Raising FDI limit for insurers to 100% will generate employment opportunities: FM Nirmala Sitharaman

Economic Times

Economic Times · 7d ago

Raising FDI limit for insurers to 100% will generate employment opportunities: FM Nirmala Sitharaman

The proposed increase in the Foreign Direct Investment (FDI) limit for Indian insurance companies to 100% aims to attract more market players and create employment opportunities, as stated by Finance Minister Nirmala Sitharaman. Announced in the Union Budget of February 2025, this move is expected to enhance efficiency in the sector through technological advancements. The Insurance Act guides investments to ensure financial stability and policyholder protection under the Insurance Regulatory and Development Authority of India (IRDAI).

Govt taking multi-pronged approach to sustain economic growth amid uncertainties: MoS Finance

Economic Times

Economic Times · 29d ago

Govt taking multi-pronged approach to sustain economic growth amid uncertainties: MoS Finance

The Indian government is employing a multi-pronged strategy to bolster economic growth amid global uncertainties, according to Minister of State for Finance, Pankaj Chaudhary. Key initiatives include FDI liberalization, credit guarantee schemes, and public expenditure increases, particularly in capital investments. The 2025-26 Union Budget proposes Rs 1.5 lakh crore for these efforts. Additional measures focus on power sector resilience, rural prosperity, and inclusive growth through targeted schemes, aiming to reduce poverty and inequality while promoting economic development.

New FDI Regime Rocket Fuel For The Spacetech Sector: Experts

Inc42 · 1y ago

New FDI Regime Rocket Fuel For The Spacetech Sector: Experts

The Indian government has liberalized the foreign direct investment (FDI) regime for the space sector, allowing up to 100% FDI through the automatic route for certain sub-segments. This move aims to encourage the growth of private players and establish India as a leading player in the space industry. The previous lack of a clear FDI policy for the sector was a major hurdle for spacetech startups. While the new policy does not allow 100% FDI for all subsegments, industry leaders see it as an important first step towards the liberalization of the Indian space sector.

Experts for budget boost to guard digital space from threats

Economic Times

Economic Times · 6m ago

Experts for budget boost to guard digital space from threats

Industry experts urge the Indian government to allocate a dedicated budget for cybersecurity in the 2025 Union Budget to address increasing cyber threats. Emphasizing the need for support, especially for vulnerable sectors and small businesses, experts advocate for incentives to boost cybersecurity investments. They highlight the importance of a focused budget to enhance national resilience, foster innovation, and prioritise cybersecurity as a strategic sector crucial for India's security and economic prosperity.

Govt eases FDI norms in space sector

Economic Times

Economic Times · 1y ago

Govt eases FDI norms in space sector

The government has eased Foreign Direct Investment (FDI) norms in the space sector to attract overseas players and private companies. The satellite sub-sector has been divided into three activities with defined limits for foreign investment. Up to 74% FDI is allowed under the automatic route in satellite manufacturing and operation, satellite data products, and ground and user segments. Beyond this limit, government approval is required. Additionally, up to 49% FDI is allowed through the automatic route for launch vehicles and associated systems, with 100% permitted for manufacturing components and systems/sub-systems for satellites.

Finance ministry notifies FDI in space sector; gives better access to capital, say startups

Economic Times

Economic Times · 1y ago

Finance ministry notifies FDI in space sector; gives better access to capital, say startups

The Indian government has allowed foreign direct investment (FDI) in the space sector, allowing Indian space startups to access global capital. Under the new rules, 74% FDI is permitted for satellite manufacturing, up to 49% for launch vehicles, and 100% for manufacturing components and systems. Investments in spaceports will require government approval beyond 49%. The move is expected to provide regulatory clarity and boost investments in India's space sector. Startups such as Skyroot Aerospace and Agnikul have welcomed the decision.

Budget 2025: Gig workers to get identity cards, healthcare by govt

Economic Times

Economic Times · 6m ago

Budget 2025: Gig workers to get identity cards, healthcare by govt

Finance minister Nirmala Sitharaman, in the Union Budget 2025, announced health insurance for gig workers under the Jan Arogya scheme and provision of identity cards. Acknowledging their contribution to the economy, the government will facilitate registration and identity issuance. These measures aim to support over one crore gig workers. The quick commerce sector's growth involves companies like Blinkit, Zepto, and Swiggy Instamart, employing numerous gig workers for operations and deliveries.

Cabinet Approves 100% FDI For Certain Spacetech Sub-Sectors

Inc42 · 1y ago

Cabinet Approves 100% FDI For Certain Spacetech Sub-Sectors

The Indian government has approved 100% foreign direct investment (FDI) in certain segments of the country's space sector through the automatic route, in a move aimed at attracting potential investors. The approval by the union cabinet, chaired by Prime Minister Narendra Modi, will allow foreign investment in manufacturing components and systems for satellites, ground segment and user segment. The move is expected to bring more foreign investments into the sector, foster innovation, and enable global scale of operations for Indian spacetech players. Over 150 Indian spacetech startups have secured more than $285m in funding between 2014 and 2023.

Union Budget 2024-25 to balance investment and consumption

Money Control

Money Control · 1y ago

Union Budget 2024-25 to balance investment and consumption

With the Union Budget for FY2025 approaching, the Indian government is expected to strike a balance between supporting investment and consumption. The budget should focus on infrastructure spending, especially in road transport and railways, to sustain economic growth. While there is a need for relief in corporate income tax to stimulate private sector investment, major changes are unlikely in this area. Instead, the budget may target measures to boost demand, such as tax relief for low- and middle-income households, as well as increased expenditures on rural-focused schemes. Additionally, addressing sector-specific issues, like reducing the high GST rate on cement, could have a positive impact. The financial sector may require further support, particularly for PSU general insurance entities and the promotion of the corporate bond market. A medium-term fiscal consolidation roadmap is also expected to be outlined in the budget.

Sitharaman holds 5th pre budget meeting with industry representatives in Delhi

Livemint

Livemint · 7m ago

Sitharaman holds 5th pre budget meeting with industry representatives in Delhi

Finance Minister Nirmala Sitharaman chaired the fifth Pre-Budget Consultation in New Delhi, focusing on insights from industry leaders for the Union Budget 2025-26. Prominent government officials and the Chief Economic Adviser attended this meeting aimed at shaping a budget emphasizing economic growth, industry support, and stakeholder needs. This consultation is part of a series, following meetings with MSMEs, farmers' associations, and economists, contributing to the preparations for the upcoming budget presentation on February 1, 2025.

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