It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
The RBI expects change, presumably commencing in the next Budget, but must hold its current view until this actually happens.
'The answer is no, the entire country's is.' 'So why such obsession with Delhi?' 'But the most powerful people in India live here: The prime minister, civil servants, Supreme Court judges, MPs, diplomats, dadas of the media...' 'If they can't deal with their own problem, what chance does the rest of the country have, with its foul air, dying rivers, frothing lakes, and crumbling mountains?' says Shekhar Gupta.
Amendments to RBI Act likely soon
Bharatiya Janata Party's prime ministerial candidate Narendra Modi attacked the Congress and Prime Minister Manmohan Singh on Saturday for "failing" to ensure development of Northeast though he represented Assam for the last 23 years in the Rajya Sabha.
'Being authoritative is one thing -- Nehru was that -- but being authoritarian is quite another -- the current prime minister is clearly one.'
'Stand-alone' trip to North American nation and a strong track record in Gujarat open doors to business.
India needs to tread cautiously on the growth path.
'We have been found seriously wanting in addressing our undersea warfare capability and China's emergence is a cause for concern.'
'The intrusion in Chumar, during and beyond the Chinese president's visit, is unprecedented and has qualitatively changed the tone of the India-China relationship,' says Jayadeva Ranade, a member of the National Security Advisory Board.
The government has at last commenced important structural reforms.
'Unless we change and we see a change in the direction we are taking, times can only get worse.'
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
The Niti Aayog has finalised the first draft of a new national energy policy.
RIL has more than half a dozen undeveloped discoveries.
Pakistan has formed a high-level panel to probe the high treason case against former military ruler Pervez Musharraf for imposing emergency rule in 2007, the government said on Thursday.
India on Monday did some plain-speaking with China over its blocking of the Indian bid to get JeM chief Masood Azhar banned by the UN and warned the global community of "serious consequences" if it continues to adopt "double standards" in dealing with terrorism.
We should improve the business climate in Mumbai and Delhi, and India's ranking would immediately shoot up, says Bibek Debroy, a full member of NITI Aayog.
'The TDP walking out of the NDA is a victory for the YSRCP.' 'The YSRCP wanted it to happen so that it would help them in coming elections.'
The debacle that pollsters faced in the Bihar assembly elections is in part being blamed on the small sample size and lack of advancement in field surveys, says Sahil Makkar
When you sell your property, you would be liable to pay capital gains tax.
Drug maker Cipla always fought a lone battle to make drugs affordable in India.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
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We present Prime Minister Manmohan Singh's full speech as he addressed the country on the occasion of 66th Independence Day, from Red Fort, Delhi.
Etihad earns about 23 per cent of its passenger revenue from code-share and equity partners, and this would increase after its tie-up with Jet.
Principal economic advisor, Ila Patnaik, is coordinating the work on Economic Survey 2013-14.
To unravel Khan's overseas business, one has to rewind to 10 years ago when Londoner Richard James Moore floated a real estate company called Winford Estates in Surrey.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
The allocation in the defence budget is inadequate to meet India's long-term threats, especially from China and Pakistan, says Gurmeet Kanwal.
The greatest disconnect lies in the estimates of industrial growth.
Single window clearances for realty must.
India and China on Friday agreed to set up a dedicated communication channel to boost security cooperation as Home Minister Rajnath Singh held talks with China's security czar on issues like cross border terrorism from Pakistan and the Afghan situation.
Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU.
The two were convicted on July 6 in the Avenfield properties case linked to the Sharif family's ownership of four luxury flats in London.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
Annabel Mehta, Sachin Tendulkar's mother-in-law, has dedicated her life to working with the Beautiful People of the other half of Mumbai without whom the city would neither exist nor thrive. Vaihayasi Pande Daniel met the amazing lady who was awarded the Member of the Order of the British Empire for her service to underprivileged communities.
'Though federal, the Constitution is unitary in nature. All matters relating to revenue are centralised. It is necessary that matters related to finance have to be decentralised... States need more freedom in designing schemes with their interest in mind. There has to be a Constitutional amendment to give more powers to the states. A special session of Parliament should amend the Constitution, especially the 7th Schedule,' Kerala Finance Minister K M Mani tells Rediff.com's Shobha Warrier.
No large nation has done less to feed its millions of poor than India has in the past decade or two since the beneficial effects of the Green Revolution wore off.
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
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