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India’s more relaxed rules on investment in insurers set to attract U.S., European players
A lawyer said several insurers from Asia have also shown interest in ramping up Indian investments, and started seeking more details about Monday’s proposal hours after it was announced.
In a statement to Reuters, lobby group U.S.-India Business Council (USIBC), part of the U.S. Chamber of Commerce, said New Delhi’s decision will help American insurance companies enhance financial inclusion in India.
LIC IPO post Oct;BPCL, Air India stake sale by SeptDIPAM Secy
Sensex, Nifty close at record highs on gains in financial, infrastructure stocks
NHAI to fine up to Rs 10 cr for major lapses in structures
“In order to deal with the lapses in highway development, NHAI has issued a strict policy to decide penal action against defaulting firms/ personnel if there are any lapses in construction standards of bridges/ structures/approaches to structure etc by the Concessionaires/ Contractors / Consultants,” NHAI said in a statement.
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