#Oil prices likely to remain low for 2-3 years says #MukeshAmbani
ЁЯМРOil prices likely to remain low for 3-5 years: Mukesh Ambani
http://economictimes.indiatimes.com/markets/commodities/views/oil-prices-likely-to-remain-low-for-3-5-years-mukesh-ambani/articleshow/51077221.cms
via ET Markets App(Download Now):
http://ecoti.in/etmtks
Budget 2016:
ЁЯМРUnlike predecessors, Prime Minister Narendra Modi actively involved in Budget-making exercise -
http://m.economictimes.com/articleshow/51062082.cms
ЁЯМРGovernment is considering a proposal to permit 49 per cent FDI through automatic approval route in the insurancesector with a view to attracting more overseasinflows. Currently, FDI up to 26 per cent is permitted through automatic approval route. For FDI up to 49 per cent, the approval of Foreign Investment Promotion Board is required.
According to sources, the government could announce this decision in the forthcoming Budget as the move would help in improving ease of doing business also. "If IRDAI is looking at the proposal, RBI too is looking at and the management is in the hands of Indian then the government may do away with the FIPB approval route," they said.
At present, as many as 10 proposals, including that of ICICI Prudential Life, ICICI Lombard General Insurance and Aviva Life Insurance, are pending at different stages of clearances. There are 52 insurance companies operating in India, of which 24 are in the life insurance business and 28 in the general insurance.
State-owned General Insurance Corporation (GIC), in addition, is the sole national reinsurer. In order to deepen the re-insurance market, IRDAI permitted UK-based Lloyds to set up business in India. Lloyds India will ensure that the market and the constituents are housed in one location for the conduct of reinsurance business.
Foreign direct investment (FDI) in the country more than doubled to about USD 4.5 billion in December. The major sectors that attracted foreign inflows include computer software and hardware, trading, services, automobile and telecommunications.
India receives maximum FDI from Singapore, Mauritius, the Netherlands and Japan. In 2014-15, foreign fund inflows grew 27 per cent to USD 30.93 billion as against USD 24.29 billion in 2013-14.
BSE, NSE to conduct mock OFS session on Feb 22
http://goo.gl/RQPSaK
-via inshorts
PTI:
ЁЯМРChina's Central Bank Pumps-in $25 Bn To Boost Liquidity
http://economictimes.indiatimes.com/markets/commodities/views/oil-prices-likely-to-remain-low-for-3-5-years-mukesh-ambani/articleshow/51077221.cms
via ET Markets App(Download Now):
http://ecoti.in/etmtks
Budget 2016:
ЁЯМРUnlike predecessors, Prime Minister Narendra Modi actively involved in Budget-making exercise -
http://m.economictimes.com/articleshow/51062082.cms
ЁЯМРGovernment is considering a proposal to permit 49 per cent FDI through automatic approval route in the insurancesector with a view to attracting more overseasinflows. Currently, FDI up to 26 per cent is permitted through automatic approval route. For FDI up to 49 per cent, the approval of Foreign Investment Promotion Board is required.
According to sources, the government could announce this decision in the forthcoming Budget as the move would help in improving ease of doing business also. "If IRDAI is looking at the proposal, RBI too is looking at and the management is in the hands of Indian then the government may do away with the FIPB approval route," they said.
At present, as many as 10 proposals, including that of ICICI Prudential Life, ICICI Lombard General Insurance and Aviva Life Insurance, are pending at different stages of clearances. There are 52 insurance companies operating in India, of which 24 are in the life insurance business and 28 in the general insurance.
State-owned General Insurance Corporation (GIC), in addition, is the sole national reinsurer. In order to deepen the re-insurance market, IRDAI permitted UK-based Lloyds to set up business in India. Lloyds India will ensure that the market and the constituents are housed in one location for the conduct of reinsurance business.
Foreign direct investment (FDI) in the country more than doubled to about USD 4.5 billion in December. The major sectors that attracted foreign inflows include computer software and hardware, trading, services, automobile and telecommunications.
India receives maximum FDI from Singapore, Mauritius, the Netherlands and Japan. In 2014-15, foreign fund inflows grew 27 per cent to USD 30.93 billion as against USD 24.29 billion in 2013-14.
BSE, NSE to conduct mock OFS session on Feb 22
http://goo.gl/RQPSaK
-via inshorts
PTI:
ЁЯМРChina's Central Bank Pumps-in $25 Bn To Boost Liquidity
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