Investigators, looking into the money-laundering aspect of the Ponzi firms, are trying to know the reason behind the presence of the two ministers at the iCore sponsored programme. Bhuniya had later claimed that as people’s representatives, politicians have to attend many programmes and that mere presence at an event did not prove any criminality.
“I’ve been an honest person all along. I can’t comment on anything as long as I see the notice, ” Chatterjee said.
TMC MP Saugata Roy said: “The two allies of BJP (CBI and ED) are being used at the whims of Centre. It is a ploy before the assembly polls. They are trying to malign the image of the party.”
NEW DELHI: Two more people who were allegedly involved in the Red Fort violence case have been arrested by Delhi Police.
One of the suspects, Maninderjit Singh, is a Dutch national settled in Birmingham, UK. He had come to India and couldn’t return due to the lockdown. The other accused, Khempreet Singh, had assaulted police personnel on duty inside Red Fort with a spear and was caught on camera.
Maninderjit was arrested from IGI Airport while trying to flee India with forged travel documents. A lookout circular notice had been issued against him. He was earlier involved in rioting in Gurdaspur, Punjab, and in another case of forging identity.
Dollars for finance, rupees for PSU banks
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Last Updated: Feb 02, 2021, 08:36 AM IST
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Synopsis
Industry CEOs and experts claim that the move will provide a fillip to an industry that needs more finances to insure more people in the world’s second-most populous nation and raise funds for long-gestation projects such as ports, road assets and aviation hubs.
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The FDI cap on insurance companies was first raised from 26 per cent to 49 per cent in March 2016.
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Five years after India increased the ceiling on overseas ownership in the insurance sector, finance minister Nirmala Sitharaman on Monday heralded bold reforms in a sector considered crucial for underpinning infrastructure financing.
Government s move to relax FDI limit for insurance a big boost for small insurers
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After years of deliberation, the Indian government has increased the Foreign Direct Investment (FDI) limit in insurance companies to 74% against the current 49%, Finance Minister Nirmala Sitharaman announced on Monday in the Union Budget of 21-22 albeit some “safeguards”.
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Experts anticipate more of the country s 23 private life insurers and 28 private general and health insurers to contribute to the growth of the sector with more impact.
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MUMBAI: Five years after India increased the ceiling on overseas ownership in its insurers, Finance Minister Nirmala Sitharaman Monday heralded bold reforms in a sector considered crucial for underpinning infrastructure financing. She raised the headroom on foreign holding to 74% in one go, potentially multiplying fund-raising avenues in a long-gestation industry that needs as much capital as is available.
FDI cap hike in insurance may offer more fund-raising avenues to the sector
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Last Updated: Feb 02, 2021, 08:36 AM IST
Share
Synopsis
Industry CEOs and experts claim that the move will provide a fillip to an industry that needs more finances to insure more people in the world’s second-most populous nation and raise funds for long-gestation projects such as ports, road assets and aviation hubs.
ThinkStock Photos
The FDI cap on insurance companies was first raised from 26 per cent to 49 per cent in March 2016.
Related
Five years after India increased the ceiling on overseas ownership in the insurance sector, finance minister Nirmala Sitharaman on Monday heralded bold reforms in a sector considered crucial for underpinning infrastructure financing.