Ad Here  
April
May
June
July
August
September
 
 
Demise of a media baron... IPL - no surprise this scam The balancing act Reliance’s TV – 18 ready to launch Tamil News Channel Fall in crude prices help in oil sector reform Plummeting profits of PSBs Put expensive assets created to use... The brown list of Venkitaramanan GM Technology at last! …and of a popular trade leader When TN politicians can emulate Kerala's Make standards certification mandatory... Tribute Solar, solar everywhere … More Shakti to resource mobilisation... He continues the focus on social amelioration Tax agriculture Towards speedy justice No engine for this car A more liberated TN… CSR and CMI: promise of another Srinivasan Ramanujan... Preserving for the future Fortune for Indian Airlines Of course, Gujarat is vibrant Increasing non co-operation of state leaders Quality silica from Neyveli Tatas moving out of urea production... The ‘Jayanthi Tax.’ Robber barons everywhere Cleaning Ganga – relocate tanneries and install electric crematoria Wanted: a second airport for Chennai Liberal imports idling indigenous capacities There was flood of milk. Reason: no milk commissioner! Adapt Vajpayee dinner diplomacy Marketing expert Balagopal is no more Modi and the lady Gas is the way forward Bihar elections - the Rajaji formula worked Measuring roof tops in terms of KW/MW Revive development banks... SoA @ 80 Delhi Chalo... TIAM turns a full cycle TN – agglomerate land holdings without alienating ownership Convulsions in The Hindu Engineering seats go abegging No Maha Koottani in TN... The Swadeshi Trump B H Kothari - a tribute Align crops to agro climate endowments… Online not in line with brick and mortar businesses... An informal presentation - analytical, forward locking... A glass full of corruption New IT products of Ramco in the pipeline… When nations steal growth from one another… Build close rapport with business leaders A Grand Finale for SN’s MS centenary at the US… Inflation: are we emulating Argentina and Brazil? Why land prices zoom in TN? Silver Years of Madras Musings Editor's Says Fortune 500 review A C Muthiah – his munificent bequeaths to science Five star activism stalls development activity Land reclamation from sea appears cheaper! Godspeed, Chief Minister JJ Mu Sigma – is no more Why this malaise in medical education? The ‘Ayyo-yes’ is no more The power-full Hindujas Lesson from Chandrababu Naidu For whom the bell tolls? When online building permits work…. Revving up the manufacturing sector Strengthen the base... Shanti and Sadhana through Music Contrarian cousins Breaththrough in malaria control WTO Meet: resolved to meet again Excel Generators provide the vital back-up CII projects higher growth… L&T- the specialty of special purpose vehicles PPP mode for upgrading Corporation Hospitals EVM is tamper-proof Delhi is distant… China invests in India Auto components surge… Roaring Ro-Ro facility Pharma – overdose of copying The rise and rise of KCP Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Padma Bhushan for A Ramakrishna Infrastructure funding – lessons learnt Modi storms Silicon Valley Telangana in top gear… Fuel for thought Sweet news for TN sugar mills Road development slows down A rich pool of talent not utilised…. Adharma of opposition politics Things happen by accident and not by design... Tribute – UCAL Selvan… Shaming of Tamils by Tamil farmers at Delhi The sea- saw battle continues... Kinetic Karnataka Eternal support for capitalisation of PS banks Wise Presidents Diamond jubilee of Egmore Samskrt School Tatas moving out of urea production... Russi Mody – a tribute Recognition to role of NBFCs.... IPL type auction for VCs? S Ramanathan – a versatile musician, musicologist Solar thermal shines… Tihar, Puzhal not different from Parappana Agrahara to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines TN-leverage strength of BHEL, NLC... Discoms deserve better… London, London Narayan Banning booze... The star of Spencers is no more Poor quality of university VCs The few handicaps... An enemy’s enemy is a friend Multi-faceted Venkat R Sridhar steps down as CEO of Shriram Capital Haul over the coal Kulandai was a giant When Ratan Tata visited SRM A yen for wastage… Where is Rajaji? CIPET hqrs to stay at Guindy – for the present? Moily’s bold thrust TGS- The king storyteller Streamlining mandatory third party cover Computation of GDP – conundrums continue Don’t seem to feel the pulse… Welcome focus on core competence The nuclear option When the President was rendered homeless… F C Kohli - his concerns all embracing Mersal magnified Shipping woes of Chennai companies GNS - 100: our first subscriber S V Raju – a ‘good’ true liberal Medical costs hit the roof... Kudos to NDTV... West Bengal: mindless malignancy TELANGANA at last…BUT A Grand Finale for SN’s MS centenary at the US… Readers' Mail Return to king coal for urea... Permanent secretariat for TN GIM For whom the MIDS bell tolls? Editor's Notes Lalu’s envy, India’s pride Intellectual of rare qualities Maximising the micro pricing … Building loyalty through the stomach Shale gas and its shallow future Whistle-Stop Tour of Raghuram Rajan How Air-India loses customs... The Ports’ Pasha expands into Tamil Nadu A professional at the helm of IRDA... Making ‘my Amaravati’... Focus on quality of power - its only around 170-180V Bihar – Nitish Kumar adopts the Lalu model A friendly business group MHC should not return to its old indisciplined ways Poor representation for Kerala and TN in Cabinet Delhi returns to BJP Tribute – M V Murugappan An inexplicable neglect The why of tax incentives This scant respect for Law Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Where a state respects its litterateurs… Rs.1600 crore paper board plant of TNPL Welcome GST A welcome initiative by the judiciary Muffled voices for merit… IAS invades NDDB... Gay abandon in pricing Scientists urged to take up farmer-oriented research Waning interest in public discussions… Limit foreign borrowings to hi-tech, export potential projects... Welcome thrust on trade in Modi’s foreign visits... Come elections, come advertisements... Not just in-laws (and outlaws); they’ve renowned academics at the helm! All eyes on Sankara Nethralaya L&T: focus on infrastructure and more infrastructure… Odisha: spectacular win by Naveen Patnaik Noble nonagenarians... A think tank for Chennai Cement prices continue to rise… Naidu will soon build a new Hyderabad More Shakthi to Das’ elbow Parliament in paralysis... The Jan Dhan bonanza Insurance companies bleeding, yet no decision on increasing FDI limit! Tribute – Manikam Ramaswami Boy, can you beat these? Air Asia India will set new benchmarks for budget travel The rise and fall of Annamalai University CRS, a jewel among managers, is no more. Alexa – Talking Wikipedia Should we change the official year? Paytm karo... Colour-Chem’s colourful KRVS TN accounts for the largest recruits by the IT sector ONGC at KG Basin Polls and promises Tough task taking states together Music happens A proud Madrasi Sweeter prospects for sugar Vibrant Gujarat No mega rail project for Tamil Nadu Rahman at CIC Cutting the nose to spite the face Secularism and anti-Hinduism He saved millions from starvation... Naidu’s return augurs well for Seemandhra Airlines in India: cost and space Delhi is distant Dr C Rangarajan returns to Chennai Sri Lanka votes for change Quality education through the PPP mode More tributes to GR When small is no larger beautiful.. Protest masters... Remembering Indira Sivasailam... Nuclear power at the nucleus EEC at the National Media Centre Valli, they are more marginalised Like Hinduism: many paths to reach God... PC’s preference for professionals Which side are you, Montek? More heat than light The Gulf aviation boom Small units prefers to remain small... Another Indian music maestro at the UN Funding the un-funded Welcome changes that testify to Jayalalithaa’s return to health
 
Insurance companies bleeding, yet no decision on increasing FDI limit!

The delay in clearing the proposal to increase the limit for foreign equity in insurance companies to 49 per cent is costing the country dear. A similar move in regard to civil aviation has evoked a lot of interest on the part of foreign airlines to invest in India.

In the 12 years after opening up the insurance sector, a large number of players have entered the business. Today, there are 24 life insurance companies and 27 general insurance companies. Though several general insurance companies have become viable, life insurance companies are bleeding; a few, which entered the Indian market with a lot of expectation, like New York Life and ING have quit. HSBC Life and Aviva are likely to follow suit.

Padma Bhushan R Thyagarajan (RT), an expert on insurance, estimates the total loss suffered by life insurance companies at around Rs 25,000 crore. At the present rate, RT expects these companies to suffer an additional loss of Rs 20,000 crore in the next few years. This may trigger more foreign companies to quit.

It is baffling that a government so keen to attract foreign direct investment should be unconcerned over inviting foreign insurance companies to take care of this burden. There has been tremendous interest on the part of foreign insurance majors to enter India and tap its huge potential, especially in the context of the very low penetration and consciousness for insurance.  The opposition from BJP’s Yashwant Sinha and S Gurumurthy is indeed sad. A decade ago, while BJP was in power, they wanted to leverage the power to limit investment in insurance to counter some of the unhelpful postures of WTO. A decade later, this posturing does not make sense.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com