The middle class in the country
remains the beacon of hope of the post-liberalisation insurance
industry, a survey of the operational companies by the Federation
of Indian Chambers of Commerce and Industry showed.
The automobile industry is
in consultations with the government for setting up a body for
promotion of exports for the industry. Industry bodies — Society
of Indian Automobile Manufacturers and Automotive Component
Manufacturers Association have, in one of the rare instances,
come together and are preparing a framework for the export promotion
organisation.
Despite the persistent uncertainty
in the neighbourhood, the annual rate of inflation nosedived
by hefty 1.54 per cent to touch 85-week low at 3.32 per cent
during the week ended September 29.
Mjaority of insurance companies
feel that foreign investment limit of 26 per cent should be
raised to 49 per cent considering the huge Rs 400-500 crore
fund infusion required in the initial years.
