CII Chairman (SR), Sanjay Jayavarthanavelu indicated CII’s plans to produce a model state budget with emphasis on fiscal discipline. The industry has the resources and should be proactive and not be content with reacting to budget proposals. Jurist N A Palkhivala made post-analysis of Central budgets, much-awaited calendar events. The famous
“The insurance sector was opened up in 2000. Even 18 years after, the industry has not recorded decent growth or penetrated deep, despite the big potential. A major reason was too much of regulation as in several other aspects of governance,” said R Thyagarajan (RT), Founder-Chairman of the Shriram Group.