Wants limit to be raised to 49% Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent. The U.S.-based company is keenly watching the developments regarding further opening of the sector to foreign investment. Mr. Buffett, whose group Berkshire Hathaway recently entered the Indian insurance market, called on IRDA Chairman J. Harinarayan here and...
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Subsidising healthcare
The union finance ministry’s decision to partially subside capital investment in healthcare and education by extending the “viability gap funding” facility to these sectors is welcome as they are vital areas of social infrastructure, which are no less important than roads and bridges. But every sector has its own complexity and the nuancing that the health ministry has sought for such subsidy to healthcare infrastructure needs serious attention. The ministry’s...
More »‘Yes, storage, sub-standard grain are problems'
The government on Thursday admitted to problems in storage as well as supply of sub-standard foodgrains to the poor after senior Communist Party of India (Marxist) leader Brinda Karat expressed serious concern in the Rajya Sabha over grain rotting. “I do admit,” Finance Minister Pranab Mukherjee said after Ms. Karat charged the government with supplying rotten foodgrains to remote tribal areas. She showed samples of spoiled wheat and rice in the...
More »Corrupt means taint the nuclear deal by Brahma Chellaney
The new bribery revelations, a rigged process to import reactors and safety-related concerns must lead to the long-blocked scrutiny of the nuclear deal by Parliament. The world's worst nuclear accident since Chernobyl raises troubling questions about India's plans for a huge expansion of its nuclear power programme through reactor imports. Given its low per-capita energy consumption, India must generate far more electricity to economically advance. So it needs more nuclear-generated power....
More »TB still cause for concern in South East Asia: WHO
World Tuberculosis Day to be observed today 2 million people successfully treated annually through DOTS Tuberculosis (TB) remains one of the biggest threats to public health in the World Health Organisation (WHO) - South-East Asia Region, causing one death a minute. Although the total number of people affected by the disease has steadily declined in the last decade, there are five million people living with TB in the region — a third...
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