Perspective Plan 2041: Sticking to implementation roadmap

The Perspective Plan 2041 envisages government's commitment in a host of other policy actions across sectors. These are: * EXCHANGE RATE MANAGEMENT: The government has been following a flexible market-based exchange rate policy. This has helped exports and led to stability in the exchange rate, while at the same time...

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Making third-party liability motor insurance mandatory

A motor vehicle can avail two types of insurance: third-party insurance and comprehensive insurance. A comprehensive motor insurance policy typically has two insurances to cover -the third-party insurance and for own damages. Some policies also come with built-in personal accident coverage for owner or authorised driver. As the names suggest,...

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