Prime Minister Narendra Modi News

AIG, Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As

Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax regime to help convince insurers. Companies from Allianz SE to American International Group Inc. are avoiding offering tax-liability coverage in …

Insurance Pool May Unlock India-U.S. Atomic Trade

Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of demands to soften a liability …

India’s Prime Minister Plans Executive Order to Allow More Foreign Investment

Prime Minister Narendra Modi sought to pressure Indian lawmakers into approving two key economic policy changes a day after a parliament session ended without a vote on the bills. Modi will use an executive order known as an ordinance to …

Attempt in India to Raise Foreign Ownership Cap for Insurance Hits Logjam

Indian Prime Minister Narendra Modi risks failing to win approval from lawmakers for one of his biggest policy changes yet, a setback that dims prospects for other key bills until he wins greater sway in the upper house. In a …

AIG’s 13-Year Wait Gets Longer as Modi Rebuffed: Corporate India

American International Group Inc. has waited 13 years in India to raise its stake in a local venture from a maximum allowed 26 percent. That wait is about to get longer. Opposition lawmakers, during the current session of parliament scheduled …