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M A I L B A G | Tuesday, January 5, 1999 |
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Insurance: overdue step The proposed opening up of the insurance sector, freeing it from the rigidities of a state monopoly, is a long overdue step. It will benefit consumers who will get new products, better service arising from greater choice and competition, and price advantage. It will provide more opportunities and better salaries to younger employees as also the competent ones in the present set-up, as distinguished from those who are responsible for most of the current scenario of tardy service, and anti-consumer orientation. Above all, the country will benefit because it will attract huge funds for infrastructure projects which are essential for economic growth. However, care should be taken to ensure that the Insurance Regulatory Authority functions autonomously and effectively in public interest. M. R. PAI * * * * Parliamentarians behaviour The proceedings in Parliament give the semblance of a fish market where, except for pulling the legs of one another, no serious business is transacted. We can broadly call it the demonstration of muscle power. The burning questions facing the nation are the failure of the economy and the nefarious designs exhibited by vested interests. Hardly these issues are raised in Parliament. May be, these burning issues are not raised either because of some extraneous considerations or there is no capability for this. The members of the august House are elected by a very sacred process of elections where the voters of the country repose their confidence in the elected leaders in order to see that their problems economic and others are solved by way of enactment of new laws. They must deliberate in the best interest of the nation. The elected leaders owe at least this much to their voters. D.S. BALI |
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