Monday, Mar 07, 2005
Monday, Mar 07, 2005 |
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This Day That Age
No decision had been taken on the question of nationalising the insurance companies in the country, the Minister for Revenue and Civil Expenditure, Mr. M.C. Shah, said in New Delhi on March 4. Mr. Shah added that the question whether the insurance industry in the country should be nationalised or not had come up for departmental examination on several occasions in the past. The pros and cons of it together with its variants, such as partial nationalisation and State entry into the field, continued to be studied even now. The Controller of Insurance, who had recently proceeded to Australia and New Zealand under the facilities provided by the Colombo Plan, had been asked to study the working of the State-run schemes there.
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