Integrated civil aviation policy on anvil
New Delhi: The government in a sudden
change of policy, is planning to introduce an integrated civil aviation policy, which will
incorporate guidelines on transport and tourism.
Earlier the government had prepared a draft policy covering only the aviation sector.
After incorporating the comments received from various ministries, a final note was to be
put before the Cabinet.
The decision of introducing an integrated policy was taken recently as the government felt
that "it should be a cohesive policy with no contradictions within the various
sectoral guidelines and ministries". The new policy is yet to be cleared by the civil
aviation minister Mr Sharad Yadav, sources said.
Sources said that it was decided to club transport and tourism with aviation policy as
good road and rail connectivity would help both tourism and trade, and since aviation is
an integral part of tourism.
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to reduce share capital for health insurance
Mumbai: As there seem to be
no takers for the health segment, the Insurance Regulatory and Development Authority
(IRDA) may reduce the minimum share capital for health insurance companies from Rs 100
crore (as in the case of life and non-life companies) to Rs 50 crore.
The IRDA is also proposing to come out
with separate regulations on the health insurance front, as is the case in other
In India health is clubbed with non-life
insurance players. The Insurance Act does not recognise health insurance as a separate
line of business since the Act pertains to 1938 norms.
Though private non-life insurance
companies in accordance with the IRDA regulations will soon introduce health insurance
products, the chief targets are corporate clients leaving the general public to be tapped
at a later stage.
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