Private access, public good
Business Standard|November 05, 2024
Gati Shakti data should not be limited

The Union government, as reported by this newspaper, is considering limited sharing of information from the Gati Shakti National Masterplan with the private sector. It would do well to consider the proposal favourably.

This three-year-old digital platform, which aimed to bring ministries together to enable coordinated planning and implementation of multimodal connectivity projects, was set up to address the key weaknesses of project execution in India. The lack of harmonised integration between ministries involved in megaprojects and the haphazard data have long been the source of faulty planning and consequent delays.

Gati Shakti incorporates most of the Centre's and the states' megaprojects such as Bharatmala, Sagarmala, UDAN, defence corridors, and myriad economic zones. Till October, 208 big-ticket infrastructure projects, worth ₹15.39 trillion, of various ministries have been assessed in consonance with broad Gati Shakti principles designed to improve the ease of doing business.

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Architecture, the new doctor in the recovery room
Business Standard

Architecture, the new doctor in the recovery room

From skylights to healing gardens, hospitals are embracing design elements that accelerate healing and enhance patient well-being

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3 mins  |
November 28, 2024
IIT-K's stealth tech to make jets invisible to enemy radar
Business Standard

IIT-K's stealth tech to make jets invisible to enemy radar

High-technology cooperation between indigenous defence industry and academia has begun yielding results.

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1 min  |
November 28, 2024
India to be wrapped in 175 years of Christy luxury
Business Standard

India to be wrapped in 175 years of Christy luxury

One of the world's oldest towel brands, famed for its royal heritage, is set to enter the Indian market in 2025

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2 mins  |
November 28, 2024
Business Standard

Insurance Amendment Act to boost growth, promote inclusion

It has been a quarter of a century since the insurance industry was liberalised. At the 'Business Standard BFSI Insight Summit, 2024', ALOK RUNGTA, managing director and chief executive officer (MD & CEO) of Future Generali India Life Insurance, SHARAD MATHUR, MD & CEO of Universal Sompo General Insurance, SUMIT BOHRA, president of IBAI and CEO of GlobeSecure Insurance Brokers, and MAYANK BATHWAL, CEO of Aditya Birla Health Insurance, discussed what is next for the industry. Edited excerpts:

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6 mins  |
November 28, 2024
Insurance in India has made significant strides
Business Standard

Insurance in India has made significant strides

Managing directors and chief executive officers (MDs and CEOs) of general insurance companies gathered at the Business Standard BFSI Insight Summit, 2024, to discuss 'many challenges' they face. ANUJ TYAGI, MD & CEO of HDFC Ergo General Insurance Company, ANUP RAU, MD & CEO of Future Generali India Insurance, ANIMESH DAS, MD & CEO of ACKO General Insurance, gave their views on the road ahead for the industry. Edited excerpts:

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6 mins  |
November 28, 2024
Regulator nudging us to up our game on cybersecurity
Business Standard

Regulator nudging us to up our game on cybersecurity

A case for increasing coverage? The leaders of life insurance companies discussed this topic at the Business Standard BFSI Insight Summit, 2024, with Business Standard's consulting editor Tamal Bandyopadhyay. Panellists included VIBHA PADALKAR, managing director and chief executive officer (MD & CEO) of HDFC Life Insurance, ANUP BAGCHI, MD & CEO of ICICI Prudential Life Insurance, and MAHESH BALASUBRAMANIAN, MD of Kotak Life Insurance. Edited excerpts:

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7 mins  |
November 28, 2024
Business Standard

'Bima Sugam is a game-changer'

Just as the Unified Payments Interface (UPI) has transformed the payment and banking sectors, the insurance regulatory and development authority of India (Irdai) is hoping that its ambitious project Bima Sugam—an online marketplace to buy service, and sell insurance products—will transform the insurance sector and help increase penetration.

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3 mins  |
November 28, 2024
Field widened for life insurance in the country
Business Standard

Field widened for life insurance in the country

Revised surrender value norms to help life insurers and customers

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3 mins  |
November 28, 2024
More is better in Indian insurance
Business Standard

More is better in Indian insurance

100% FDI will encourage companies to come to India and operate on their own terms in the sector, say experts

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5 mins  |
November 28, 2024
Business Standard

India's Welfare State: Too much, too soon, with too little?

The promise of too much, too soon, with too little is tempting for politicians for mobilising votes, particularly of the poor.

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4 mins  |
November 28, 2024