-The Hindustan Times The industries opened up to foreign investment in the past 20 days produce less than a tenth of India's national income. On the face of it, this number is too small to justify the opposition to foreign direct investment (FDI) in supermarkets, airlines, insurance and pensions. Or the government's resolve to open these businesses to foreigners with or without majority control. The picture changes when you see how fast...

-The Times of India Public sector insurers are on course to increase medical insurance premium with Oriental Insurance saying that it will end the six-year freeze and raise annual costs by around 15% in the wake of higher costs. Other state-run companies, which sell health insurance under the Mediclaim brand, too, are expected to follow suit, especially after the government prodded them to ensure that they run profitable businesses. The four companies...

-The Hindu A Planning Commission draft document has made proposals that fail to reflect the case for expanding and improving public-funded medical services and reining in private operators In the health sector, the buzz these days is all about Universal Health Care (UHC). While health activists see in it potential to ensure access to quality health care for common citizens, commercial bodies seem to be eyeing the huge scope for profit from...

-The Business Standard    Draft health insurance guidelines must not remain on paper The insurance regulator’s draft guidelines on health insurance were necessary, given the segment has been plagued with high loss ratios, low penetration and persistent customer complaints. The draft, which proposes changes in every facet – product structure, renewability and claims settlement – is a thoroughly pro-customer document and seeks to plug the various loopholes that have been used to make...

-The Hindustan Times The government is pushing for making it mandatory for recipients of funds from abroad to clearly identify themselves. The reason: intelligence agencies caution that some small money transmission agents are funneling funds for terror activities. As recording all recipients’ photographs has been found cumbersome, the authorities, on the RBI’s advice, may demand Aadhar unique ID numbers — after the numbers are made available — even from individuals receiving less than...