AMID protest from the opposition members, the Centre on Friday tabled a bill to amend the general insurance law which will allow the government to pare its stake in state-owned insurers.
Introducing the Bill, Finance Minister Nirmala Sitharaman insisted that it will not lead to privatisation and assured that its passage will help generate required resources from the Indian markets so that public sector general insurers can design innovative products.
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THE GREAT RESET
The FM has set the stage, but timely execution is critical
If Executed Well, 8% Growth Is Possible
Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman’s ‘Never-before’ Budget
With record healthcare expenditure and allocations focussing on mitigating the impact of Covid-19, it’s a shot in the arm for the sector
A bad bank will clean the system, but its efficiency will be key
READING BETWEEN THE LINES
The budgetary cut belies the government’s ambition to overhaul India’s education system and digital infrastructure
DRESSING UP THE WOUND
The health budget this year flatters to deceive
A BOLD NEW DEAL
The prime minister has bitten the bullet in Budget 2021 by spending big and giving a massive push to privatisation to fund his ambitious economic revival plans. Now he needs to ensure speedy delivery of his promises
Fin Min's ‘Economic Vaccine' comes today
The Budget, experts say, must go beyond being a ‘bahi khata’, as well as canning old schemes in a new bottle