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RBI's policy stance very balanced: India Inc.


RBI’s policy stance very balanced: India Inc.
After the RBI announced that it is maintaining the status quo with regard to its policy stance, India Inc. has reacted very positively to the developments. Here are some of the reactions.
Apr 7, 2021
Despite a pause in rates, RBI s latest policy does enough to boost liquidity and revive growth engines.
Image: Sanjay Rawat
The Reserve Bank of India today announced its monetary policy, wherein it kept the repo rate unchanged at 4%, and retained its accommodative policy stance.
India Inc. has reacted very positively to the developments. Here are a few of such reactions. ....

Sri Lanka , Vikash Agarwal , Ayesha Khanna , Zarin Daruwala , Niraj Kumar , Sampath Reddy , Mohit Ralhan , Dhawal Dalal , Indian Chamber , Generali India Life Insurance Co , Edelweiss Mutual Fund , Government Securities Acquisition Program , Sarla Anil Modi School Of Economics , Central Bank , India Inc , Standard Chartered Bank , Acquisition Programme , Monetary Policy Committee , Reserve Bank , South Asia , Standard Chartered , G Sec Acquisition Programme , Chief Investment Officer , Bajaj Allianz , Fixed Income , Edelweiss Mutual ,

DAILY VOICE | This Fund Manager With Experience Of Over 2 Decades Has Advise For Retail Investors Post Budget


DAILY VOICE | This fund manager with experience of over 2 decades has advise for retail investors post Budget
Retail Investors would indeed laud the budget as it has touched upon the key imperative sectors of the economy, says Kumar.
February 12, 2021 / 07:56 AM IST
Niraj Kumar, CIO, Future Generali India Life Insurance highlights that the Budget has laid the foundation for a growth conducive platform which will percolate into strong equity market performance over the next few years.
In an interview with Moneycontrol’s Kshitij Anand, Niraj Kumar, who has about 20 years of experience in the capital markets, said the retail investors will be prime beneficiaries of this growth-oriented Budget, as the investment impetus would manifest into growth numbers and markets will reward those who are looking for long-term wealth creation. ....

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Insurers welcome hike in FDI cap in insurance


Insurers welcome hike in FDI cap in insurance
PTI
Mumbai: The government’s proposal to hike foreign direct investment (FDI) limit in the insurance sector to 74 per cent has been welcomed by experts. They said this move will bring in new sources for funding for the players, which will help them in strengthening their solvency. The move will also help in improving insurance penetration and job creation. It would result in an increase in merger and acquisition activity in the sector, industry players believe.
“I propose to amend the Insurance Act, 1938 to increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards,” Finance Minister Nirmala Sitharaman said during her budget speech in the Parliament. ....

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India's New Rules for Insurance Investments Could Attract U.S., European Insurers


India’s New Rules for Insurance Investments Could Attract U.S., European Insurers
February 1, 2021
NEW DELHI – The Indian government on Monday said it plans to raise limits on how much foreign companies can invest in the country’s insurance industry, a move that could attract inflows from U.S. and European insurers.
Finance Minister Nirmala Sitharaman in her budget speech for 2021-22 said the government would allow foreign direct investment of up to 74% in insurance entities, up from 49% currently, clearing the way for “foreign ownership and control with safeguards.”
The change could attract investments from international insurance companies, industry sources said, many of which have existing joint-venture operations in India, including from American International Group and United Kingdom’s Prudential Plc. ....

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