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US industry: India’s insurance reform will promote investment

Published

10 years ago

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USIBC-President-Dr.-Mukesh-Aghi.

Washington: Calling India’s insurance reform law as “crucial to the long-term growth and prosperity of India,” the US-India Business Council (USIBC) says it will have a beneficial impact on the lives of millions of Indians.

The trade group comprised of 325 of the top-tier US and Indian companies strongly commended a key provision in the Insurance Laws (Amendment) Act lifting the foreign direct investment (FDI) cap from 26 to 49 percent.

“The opening of India’s insurance sector sends a crystal clear signal that India is open for business at a time when economic opportunity is certainly welcome,” said USIBC President Dr. Mukesh Aghi.

“We commend Prime Minister Modi and his Cabinet as well as leaders of the opposition for their assiduous efforts in seeing this important reform through.”

“While India’s insurance market has experienced impressive growth in recent years, the FDI limitations have restricted insurers’ ability to raise capital efficiently,” he said.

“Access to domestic and new foreign pools of long-term domain capital will provide financial stability,” Aghi said.

“It will further enhance the industry’s ability to reach more Indian citizens and protect life and productive assets through efficient and cost-effective distribution channels across rural and urban India,” he added.

“The insurance industry possesses the long-term assets needed to finance the long-term infrastructure projects India needs most,” Aghi said. “We look forward to continuing to be full partners in India’s ambitious, important economic trajectory.”

USIBC also offered strong support for the global investment community to view this reform as a sea-change signal for India’s investment climate across all sectors.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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