New Delhi, Jan 19 (IANS) India’s economy will expand 7.3 per cent in the current fiscal year and stronger growth will boost household incomes and support rising demand for insurance, a report said on Monday.The report from global Credit rating agency Moody’s Ratings said India’s insurance sector is set to see a shift from current weak profitability due to sustained premium growth on the back of robust economic expansion, increased digitisation, tax changes.”We expect India’s economy to grow …
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New Delhi, Jan 10 (IANS) Chairman of the Prime Minister’s Economic Advisory Council (EAC-PM) S. Mahendra Dev on Saturday said that the Indian government is following a four-pronged strategy to address tariff-related challenges, focusing on industry support, export diversification, free trade agreements, and trade negotiations with the United States.Speaking to IANS on the sidelines of the SKOCH Summit here, Dev said the government’s approach includes: supporting domestic industries, diversif…
New Delhi, Dec 30 (IANS) Economist and former President of the Institute of Chartered Accountants of India (ICAI), Ved Jain, on Tuesday said that allowing 100 per cent foreign direct investment (FDI) in the insurance sector will prove to be a positive step for India’s economy and consumers.Speaking to IANS, Jain said that in developed countries, FDI in insurance has not created problems; instead, it has increased competition and improved services.“With 100 per cent foreign investment, compet…
New Delhi, Dec 25 (IANS) The Narendra Modi government rolled out a spate of Big Bang economic reforms in 2025, aimed at accelerating growth and creating more employment in the country as India retained its tag as the world’s fastest-growing economy amid the global slowdown.The hectic winter session of Parliament saw the approval of proposals to allow 100 per cent foreign direct investment (FDI) in insurance and opening the nuclear power sector to private players. These came close on the heels …