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Oct 05, 2012, 10.18 AM IST
Amitabh Chaudhry, MD & CEO, HDFC Standard Life, says that the intent of the government is the biggest signal and the three years plan shows what the government wants to do.
Below is the edited transcript of his interview to CNBC-TV18. Q: The government has now finally decided to bite the bullet; they have cleared both insurance and pension bill? A: Yes. It is a great move from the government for announcing its intension to move forward on this front. The government was talking on this for a long time. The government has the intent but they don't have the numbers in the Parliament. Secondly, there is capital requirement. It is important for the government to fulfill their promise which the government has made to the foreign investors 10 years back. Lastly, when people increase their stake to 49 percent they will not only bring in more capital but they will also bring good technology, products and other things. It will always be helpful for the industry. This is a very positive move but I doubt if this bill can be passed in a hurry.
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