India’s Parliament Approves Bill to Raise Foreign Direct Investment in Insurance to 100% December 17, 2025 By Nikunj Ohri India’s parliament on Wednesday approved a bill to raise foreign direct investment in the insurance sector to 100% from 74%,...
India’s Cabinet Approves Opening Up of Insurance, Nuclear Sectors, Sources Say December 15, 2025 By Nikunj Ohri and Sarita Chaganti Singh India’s cabinet has approved sweeping changes to atomic energy laws and fully opened the insurance sector to foreign investors, two...
Aviva’s India Arm Hit With $7.5 Million Fine for Fake Invoice Scheme, Order Shows February 17, 2025 By Aditya Kalra and Nikunj Ohri Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an...
Aviva’s India Officials Approved Brokerage Model Queried by Taxmen December 13, 2024 By Aditya Kalra and Nikunj Ohri An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023...
UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says August 30, 2024 By Aditya Kalra and Nikunj Ohri An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a...