{"id":157983,"date":"2022-01-04T20:21:06","date_gmt":"2022-01-04T14:51:06","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=157983"},"modified":"2022-01-04T20:21:06","modified_gmt":"2022-01-04T14:51:06","slug":"a-chinese-threat-should-not-muddle-indian-policy","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/a-chinese-threat-should-not-muddle-indian-policy\/","title":{"rendered":"A Chinese threat should not muddle Indian policy"},"content":{"rendered":"\n<p><strong>News<\/strong>: <span class=\"p-content\"> The proposed buyout of general insurance company RahejaQBE by Paytm Insuretech was rejected by the insurance regulator, the Insurance Regulatory Development Authority of India (IRDAI).<\/span><\/p>\n<p>In trying to insure India against injury, India shouldn\u2019t push money away that could aid the rise of its economy.<\/p>\n<h5>Why the buyout has been rejected?<\/h5>\n<p>As per reports, the insurance regulator is not comfortable with the investment pattern offered by One97 communications, mainly because Chinese companies like Ant Financial and Alibaba are involved.<\/p>\n<h5>What are the issues with the IRDAI&#8217;s decision?<\/h5>\n<p>Paytm\u2019s proposal does not flout FDI limits, and while concerns associated with the influence of the parental investors may be valid, the harm it might expose India to has not been spelt out.<\/p>\n<h5>What are the implications?<\/h5>\n<p>The rejection of the deal will <strong>hamper the investment plans<\/strong> of several domestic and multinational insurance companies like Swiss Re that are hoping to expand their presence in India\u2019s fast-growing general insurance business.<\/p>\n<h5>What is the way forward?<\/h5>\n<p>The actuarial and other Indian data could be leaked from any insurer\u2019s database. What calls for a <strong>strict vigil<\/strong> is how investor funds are applied, not their source.<\/p>\n<p>With China set to add large sums to the globe\u2019s capital stock, we need a <strong>proper cost-benefit analysis<\/strong> of the blockade we opted for in response to the border hostilities of 2020.<\/p>\n<p>India needs to <strong>balance its need for security with the freedom of enterprise<\/strong>.<\/p>\n<p>An approach that\u2019s codified formally and calibrated closely by risk calculations is the need of the hour.<\/p>\n<p><strong>Source<\/strong>: This post is based on the article \u201c<strong>A Chinese threat should not muddle Indian policy<\/strong>\u201d published in <strong>Livemint<\/strong> on <strong>4<sup>th<\/sup> Jan 2022<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News: The proposed buyout of general insurance company RahejaQBE by Paytm Insuretech was rejected by the insurance regulator, the Insurance Regulatory Development Authority of India (IRDAI). In trying to insure India against injury, India shouldn\u2019t push money away that could aid the rise of its economy. Why the buyout has been rejected? As per reports,&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/a-chinese-threat-should-not-muddle-indian-policy\/\">Continue reading <span class=\"screen-reader-text\">A Chinese threat should not muddle Indian policy<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[212,10501],"class_list":["post-157983","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-2","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704702172},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/157983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=157983"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/157983\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=157983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=157983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=157983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}