<b>Ashvin Parekh:</b> One step forward, many backward

Insurance sector has breaks all past records of tall promises failing at the implementation stage

When we look at our record of reforms, in the context of the stated objectives, we find that there is a wide gap between the first articulation of our reforms and a big statement of promises and, thereafter, its subsequent execution. In fact, sometimes one is left wondering whether we were better off without these reforms and amendments in the first place.
 
The insurance sector is no exception. In fact, it breaks all past records of tall promises failing at the implementation stage.
 
The journey began with the opening of the sector to the domestic private sector and