Monday, August 24
New Delhi: The government will restart the selection process for privatising a state-run general insurer in the next financial year, people with knowledge of the matter said days after Parliament passed a bill to raise the foreign direct investment (FDI) limit in the insurance sector to 100%.Of the four public sector general insurers, only listed New India Assurance is profitable while National Insurance, United India Insurance and Oriental Insurance remain loss-making despite a marginal turnaround."We expect more players to show interest, and better valuations," said a government official, who did not wish to be identified, adding that all options are being weighed. 126126998 Last week, Parliament passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, enhancing FDI i
Canada has closed its Start-up Visa (SUV) program and will introduce a new entrepreneur pathway to permanent residence through a pilot scheme in 2026, according to Immigration, Refugees and Citizenship Canada (IRCC). The change includes an immediate halt to new SUV-related work permits and applications, as the government looks to clear backlogs and reshape its business immigration programs. IRCC announced on December 19 that it will no longer accept applications for the optional work permit available to Start-up Visa applicants. The only exception applies to applicants already in Canada who are seeking to extend their existing SUV work permit. The department also confirmed that it will stop accepting new Start-up Visa applications after December 31 at 11.59 pm. However, IRCC said applicant
Ahmedabad: Any person from outside Gujarat or India can now consume liquor at designated hotels or restaurants inside GIFT City, a global finance centre in Gandhinagar, by just showing photo ID card, as per changes made in alcohol rules at the hub by the state government.The government has introduced major changes to liquor rules at Gujarat International Finance Tec-City (GIFT City) and done away with the norm of obtaining a permit for alcohol consumption.The state home department has announced the changes through a gazette notification. Through the December 20 notification, the department has further eased liquor consumption rules at GIFT City.Gujarat is a "dry" state where manufacture, sale, and consumption of liquor are prohibited. However, the government made an exemption for GIFT City
