After a two-day discussion, the Uttarakhand Assembly passed the Uniform Civil Code, Uttarakhand Bill, 2024. It will include the personal laws of all religions. Marriage, divorce, inheritance of property, etc. They will be under the same common umbrella. So what will this proposed law change?
After personal laws, let’s now see what is happening in the Indian insurance sector. Insurance penetration in the country is likely to reach 4.5 percent by 2034, up from 3.8 percent currently. But it is still very low compared to developed countries. And even greater adoption of technology has failed to increase penetration. Insurtech platforms have been around for a while, but the idea hasn’t taken off as expected.
Meanwhile, in good news for the sector, a parliamentary panel has recommended reducing the GST on senior health insurance products below 18 per cent to make it more affordable. Further ahead, markets regulator Sebi has sought granular ownership details of foreign portfolio investors with holdings concentrated in a single corporate entity. If not, such FPIs will have to liquidate their positions in the next 6-7 months. In this report, find out what impact the new rules could have on foreign inflows into Indian stocks in the coming months.
After the markets, let’s now focus on a new technology that is giving great hope to those fighting cancer. CAR-T cell therapy managed to rid three people of cancer. Find out more about the new treatment in this podcast episode.
First published: February 12, 2024 | 8:00 AM IS