Powered by: Motilal Oswal
1/02/2022 3:30:35 PM | Source: PR Agency
The Surety Insurance sector could not have asked for a better start to the year - Mr. Vikash Khandelwal, Eqaro Guarantees.
News By Tags | #4996 #7158 #7255 #6812 #3853
The Surety Insurance sector could not have asked for a better start to the year - Mr. Vikash Khandelwal, Eqaro Guarantees.

By Mr. Vikash Khandelwal, CEO, Eqaro Guarantees, A Surety Solutions provider.

“The Surety Insurance sector could not have asked for a better start to the year. The IRDA released the final guidelines in January. The FM today announced in the budget that the Surety bonds will replace the traditional bank guarantees applicable for government projects. This addresses the issue of acceptance of surety bonds. Reforms in public procurement & timely payments are other big positives. All these steps will help improve the health of the infra sector.

The emergency Credit Line Guarantee, for additional credit to MSME, extended till March 2023 with a guarantee cover of Rs 5 lakh cr will help revive MSMEs. The major thrust of the budget being infra and extra spending announced will help the broader economy. The Indian economy cannot bounce back to double-digit growth without the infra sector doing well. The surety insurance sector will play an active and key role in providing a boost to the infra sector.”

 

 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here