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DAILY NEWS ANALYSIS
Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 On December 20, 2025, the President of India gave assent to the Sabka Bima Sabki Raksha Act, 2025, amending the Insurance Act, 1938, LIC Act, 1956, and IRDAI Act, 1999. The Act addresses India’s low insurance penetration of 4% of GDP and aims to diversify the reinsurance market. Major Provision Details Foreign Investment & Capital The FDI limit in Indian insurance companies is
The Banking Laws (Amendment) Act, 2025 The Banking Laws (Amendment) Act, 2025 introduces reforms in banking operations, nomination rules, cooperative bank tenure, reporting standards, and investor education mechanisms. Key Provision Details Substantial Interest Hike Raises the threshold for defining substantial interest in a bank from Rs. 5 lakh to Rs. 2 crore. Nomination Reform Introduces flexible and multiple nomination facilities f
21 May,2026
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