opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 308 (UNSTARRED), answered on 2017-02-03
Subject: Circulation of New Currency
Ministry: FINANCE
Asked by: ANTO  ANTONY

- (b)

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO.308

## TO BE ANSWERED ON 3 RD  FEBRUARY 2017/14 TH  MAGHA SAKA, 1938

## CIRCULATION OF NEW CURRENCY

## 308. SHRI ANTO ANTONY:

## QUESTION

## Will the Minister of FINANCE be pleased to state:

- (a) Whether the Government has any record regarding the new currencies of Rs. 2000 and Rs. 500 denomination circulated through the
- banks/ATMs till date;  and
- If so, the details thereof, bank-wise?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY FOR FINANCE (SHRI ARJUN RAM MEGHWAL)

--------

- (a) to (b)  The new series of bank notes of Rs. 500 and Rs. 2000 was introduced  with  effect  from  10th    November,  2016  after  the cancellation of legal tender character of old Rs. 500 and Rs. 1000 notes.  The  Reserve  Bank  of  India  monitors  the  requirement  of notes  on  a  regular  basis  and  places  the  indent  on  the  printing presses accordingly. Till the later part of December, 2016, the RBI has issued to the banks and their branches for distribution to the public, a total of 22.6 billion pieces of notes of various denominations  of  which  20.4  billion  pieces  belonged  to  small denominations of ₹10,20,50 and 100s and 2.2 billion belonged to higher denominations of ₹2000 and ₹500.
Lok Sabha Question No. 307 (UNSTARRED), answered on 2017-02-03
Subject: Financial Data Management Centre
Ministry: FINANCE
Asked by: C. MAHENDRAN

## LOK  SABHA UNSTARRED QUESTION NO. 307

## TO BE ANSWERED ON FEBRUARY 3, 2017 (MAGHA 14, 1938 (SAKA))

## Financial Data Management Centre

## QUESTION

## 307. SHRI C.MAHENDRAN:

Will the Minister of FINANCE be pleased to state:

- (a) whether  the  Government  proposes  to  set  up  Financial  Data  Management  Centre  (FDMC) based on recommendation of a Committee under the Department of Economic Affairs;
- (b) if so, the details thereof;
- (c) whether the said move is likely to standardize data from all financial sector regulators in a single  database  and  provide  analytical  insights  based  on  the  data  to  ensure  stability  in  the economy; and
- (d) if so, the details thereof and the steps taken in this  regard?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

(a)& (b): Finance Minister had announced in the Budget Speech 2016-17 for setting up of Financial Data Management  Centre  (FDMC)  under  the  aegis  of  the  Financial  Stability  and  Development  Council (FSDC) to facilitate integrated data aggregation and analysis in the financial sector.A Committee was set up to study the Financial Data Management Legal Framework in India, as also the recommendations of the Task Force on FDMC and to submit a report along with a draft Bill for setting up a statutory FDMC.

(c)&  (d):  The  Committee  has  recommended  a  draft  FDMC  Bill  for  the  establishment  of  FDMC  for managing  the  repository  of  financial  regulatory  data,  to  enable  standardization  of  data  across  the financial sector and providing analytical support to the FSDC on issues related to financial stability of the  economy  and  matters  connected  therewith.  The  report  of  the  Committee  along  with  the  proposed draft Bill is hosted on the home page of Ministry of Finance at www.finmin.nic.in.
Lok Sabha Question No. 306 (UNSTARRED), answered on 2017-02-03
Subject: NNMB
Ministry: HEALTH AND FAMILY WELFARE
Asked by: PINAKI MISRA

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH RESEARCH

## LOK SABHA UNSTARRED QUESTION NO. 306 TO BE ANSWERED ON 3 RD FEBRUARY, 2017

## NNMB

## 306. SHRI PINAKI MISRA:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) the present status of the National Nutrition Monitoring Bureau (NNMB);

- (b) whether the Government has decided to replace the NNMB with another organisation; and

- (c) if so, the details thereof and the reasons therefor?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (ANUPRIYA PATEL)

- (a) : Indian Council of Medical Research (ICMR) has closed down the National Nutrition Monitoring Bureau (NNMB) w.e.f. 31 st October, 2015 in view of the recommendations by High Level Appraisal Committee of Department of Health Research, Ministry of Health & Famil Welfare.

- (b) :     No .

- (c) : Question does not arise .

…………………
Lok Sabha Question No. 305 (UNSTARRED), answered on 2017-02-03
Subject: Life Insurance for Special Children
Ministry: FINANCE
Asked by: A.T. (NANA) PATIL

## Government of India Ministry of Finance Department of Financial Services Lok Sabha Unstarred Question No. 305

To be answered on Friday, February 3, 2017/Magha 14, 1938 (Saka)

## Life Insurance for Special Children

## 305 . SHRI A.T: NANA PATIL:

Will the Minister of FINANCE be pleased to state:

- (a) whether there is no life insurance products for Special Children in the country;
- (6) if so, the details thereof along with the reasons therefor; and
- (c the corrective steps taken by the Government to introduce certain life insurance products for such children on the line of LIC's earlier products viz. Jeevan Aadhar and Jeevan Viswas?

## Answer

Minister of State in the Ministry of Finance (Shri Santosh Kumar Gangwar)

is no life insurance product exclusively for children with needs: However; lives of children with special needs are covered under the " Niramaya' Health Insurance Scheme of the Ministry of Social Justice and Empowerment. The scheme is meant for all persons with disabilities under the National Trust Act with valid disability certificate. The scheme provides for same coverage irrespective of the type of disability. special
Lok Sabha Question No. 304 (UNSTARRED), answered on 2017-02-03
Subject: Direct and Indirect Taxes
Ministry: FINANCE
Asked by: NISHIKANT  DUBEY

(a).

- (b & c).   Keeping in view the trends of collection, the budgetary targets fixed for direct taxes and indirect taxes in the Financial Year 2016-17 are likely to be achieved.
- (d).     To achieve the direct taxes collection targets, the Income Tax Department has taken  various  measures  towards  revenue  mobilization  that  includes  monitoring  of advance  tax  payments  by  top  taxpayers,  laying  emphasis  on  collection/recovery  of outstanding demand, monitoring payment of tax deducted at source by top deductors, organizing awareness programmes regarding TDS/TCS provisions for proper compliance, utilizing information available through Annual Information Report (AIR), Financial Intelligence Unit (FIU) and other sources for detection of cases of tax evasion and new tax payees, enforcement/deterrent action by way of searches and surveys, efforts towards widening of tax base, early disposal of high demand appeal cases for recovery of demand, if any, multi-media campaign to encourage voluntary compliance of tax laws, etc.

## Government of India Ministry of Finance Department of Revenue

## LOK SABHA UNSTARRED QUESTIONS NO. 304

TO BE ANSWERED ON FRIDAY, FEBRUARY 3, 2017 MAGHA 14, 1938 (SAKA)

## DIRECT AND INDIRECT TAXES

304: SHRI NISHIKANT DUBEY:

Will the Minister of FINANCE be pleased to state:

- (a) the  targets  set  for  realisation  of  both  direct  and  indirect  taxes  during  2016-17 and the extent to which these have been achieved;
- (b) whether there is likely to be a shortfall in both direct and indirect tax realisation;
- (c) if so, the details thereof and the reasons therefor; and
- (d) whether the Government proposes to meet the targets by the end of the financial year 2016-17 and if so, the details thereof and the steps taken by the Government in this regard?

ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE

| Type           | Budget estimate (BE) (Rs. in crore)   | Tax collection (Rs in crore)   | % of BE achieved   |
|----------------|---------------------------------------|--------------------------------|--------------------|
| Direct Taxes   | 8,47,098                              | 5,76,408 (upto 16.1.17)        | 68.04%             |
| Indirect Taxes | 7,79,669                              | 6,30,972 (upto Dec 2016)       | 80.9%              |

## (SANTOSH KUMAR GANGWAR)

The Indirect tax targets will be met by the end of financial year 2016-17. Several steps  have  been  taken  by  the  Government  to  improve  the  indirect  tax  revenue collections,  such  as,  additional  resource  mobilization  measures  through  annual budget,  risk  management  system,  use  of  information  technology,  special  audit, speedier  adjudication,  liquidation  of  arrears,  speedy  disposal  of  confiscated/seized goods etc.

*************
Lok Sabha Question No. 303 (UNSTARRED), answered on 2017-02-03
Subject: Antibiotic Resistance
Ministry: HEALTH AND FAMILY WELFARE
Asked by: KIRIT PREMJIBHAI SOLANKI

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

## LOK SABHA UNSTARRED QUESTION NO. 303 TO BE ANSWERED ON 3 RD FEBRUARY, 2017

## ANTIBIOTIC RESISTANC E

## 303. DR. KIRIT P. SOLANKI:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether there has been an increase in the resistance to antibiotic bacteria during r and if so, the details thereof;
- (b) whether the Government has identified key factors responsible for such risin g antibiotic and antimicrobial resistance 91 and if so, the details thereof and if not, the reasons therefo
- (c)  whether  the  Government  has  taken  measures  to  regulate  the  human  consumption  o antibiotics  or  issued  any  guidelines  to  restrict  the  over - the - counter  availability  of  certain antibiotics and if so, the details thereof; and
- (d) whether the Government has any penal provision for over - the - counter sales of certain drugs, if so, the details thereof?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (ANUPRIYA PATEL)

- (a) : Yes, it is a fact that there has been an increase in the antibiotic resistance in the pa There  are  many  publications  from  various  institutions  in India  showing  high  level  of  resistance  to antibiotics.

Government of India has launched the 'National Programme on Containment of Antimicrobial Resistance (AMR)' under the 12th Five Year Plan under which a surveillance lab network of ten labs has been esta blished to monitor trends of AMR in the country. The trends from AMR data gathered in t year  2015  from  t hese  tertiary  care  centres  show high  resistance  to  commonly  used  antibiotics  for treatment of bacterial infections.

- (b) : Through various studies conducted in various institutions in India, it is a known fact that mis- use of antimicrobial drugs are responsible for rising antimicrobial resistance in human, ani food sectors. Other factors are inadequate sanitation and infection control pr a ces i  health care settings and also in the community.
- (c)  &  (d) : The  Schedule  H1  notification  of  the  Government  of  India  on  Aug  30,  2013,  as  an amendment to the Drugs and Cosmetics Rules of 1945, came into force from Mar 1, 2014 to control the misuse  of  24  antibiotics  (falling  under  third  and  fourth  generation)  through  over - the - counter  (OTC) dispensing  of  antibiotics  in  India. The  packaging  of  these  drugs  will  have  mandatory  Schedule  H1 warning printed on the label in a box with red border and the Rx symbol in red. They can be sold by pharmaceutical  chemists  only  on  production  of  a  valid  prescription.  Government  drug  inspectors conduct surprise checks on these registers.

………………
Lok Sabha Question No. 302 (UNSTARRED), answered on 2017-02-03
Subject: Registration Under IBC, 2016
Ministry: CORPORATE AFFAIRS
Asked by: K. MARAGATHAM

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

LOK SABHA UNSTARRED QUESTION NO. 302 ANSWERED ON FRIDAY, THE 3RD FEBRUARY, 2017 (MAGHA 14, 1938 (SAKA)

REGISTRATION UNDER IBC, 2016

## QUESTION

302. SHRIMATI K. MARAGATHAM:

Will the Minister of CORPORATE AFFAIRS

be pleased to state:

- (a) whether the Government has come out with draft norms/regulations for registration of insolvency professionals and agencies under the Insolvency  and  Bankruptcy  Code  (IBC)  2016  and  if  so,  the  details thereof;
- (b) whether the Government has sought the views of the stakeholders before finalisation of it and if so, the details thereof; and
- (c) the time by when the said norms/registrations will come into effect?

## ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS             (SHRI ARJUN RAM MEGHWAL) कारपोरेट कार्य मंत्रालर् में राज्र् मंत्री ( श्री अर्जयन राम मेघवाल )

(a) to (c):  Yes, Madam. The draft regulations for Insolvency Professionals and  Insolvency  Professional  Agencies  were  put  in  public  domain  for comments  of  stakeholders  on  06.10.2016  for  a  period  of  3  weeks  till 28.10.2016.  Insolvency  and  Bankruptcy  Board  of  India,  considered  the drafts  alongwith  comments  of  stakeholders  received  during  the  public consultation  and  has,  thereafter,  notified  the  finalized  Insolvency  and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 to come into effect from 21.11.2016 and 29.11.2016 respectively.

*****

कारपोरेट कार्य मंत्री
Lok Sabha Question No. 301 (UNSTARRED), answered on 2017-02-03
Subject: Abdul Kalam Missile Complex
Ministry: DEFENCE
Asked by: S. RAJENDRAN

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE DEFENCE RESEARCH & DEVELOPMENT ORGANISATION

## LOK  SABHA UNSTARRED QUESTION NO.301

TO BE ANSWERED ON THE 3 RD  FEBRUARY, 2017

## ABDUL KALAM MISSILE COMPLEX

## 301. SHRI  S. RAJENDRAN:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) whether Dr. Abdul Kalam Missile Complex is functioning properly at present;
- (b) if so, the details thereof;
- (c) if not, the reasons therefor; and
- (d) the corrective measures taken by the Government in this regard?

## A    N    S    W    E    R

MINISTER OF STATE IN THE MINISTRY OF DEFENCE

(DR. SUBHASH BHAMRE)

रक्षा राज्य मंत्री

(डा. सुभाष भामरे)

(a) to (d): Dr. APJ  Abdul  Kalam  Missile  Complex    is situated at Hyderabad  &  includes  Defence  Research  &  Development  Laboratory (DRDL), Research Centre Imarat (RCI) and Advanced System Laboratory (ASL). All the three laboratories are functioning in accordance to their mandate. Their mandate is to develop products/systems pertaining to missiles. Various missiles developed by these laboratories have already been inducted into Services.

******
Lok Sabha Question No. 300 (UNSTARRED), answered on 2017-02-03
Subject: Upgradation of District Hospital
Ministry: HEALTH AND FAMILY WELFARE
Asked by: HARISHCHANDRA DEORAM CHAVAN

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

LOK SABHA UNSTARRED QUESTION NO. 300 TO BE ANSWERED ON 3 RD FEBRUARY, 2017

## UP GRADATION OF DISTRIC T HOSPITAL

## 300. SHRI HARISHCHANDRA CHAVAN:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether the Union Government has received any proposal to upgrade the district hospi Nasik district in Maharashtra as a model district hospital;
- (b) if so, the details thereof and the timeframe by which it is likely to be upgraded; and
- (c) if not, the reasons therefor?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE ( FUGGAN SINGH KULASTE )

- (a)  &  (b):  T he State  Government  of  Maharashtra  has  not  sent  any  proposal  under  NHM to upgrade the district hospital of Nasik district in Maharashtraunder the Model District Hospital initiative.
- (c):        As  per  information  received  from  State  Government  of  Maharashtra,  t he  build ing  of district hospital in Nas ik is in good condition. Hence, no proposal was sent for upgra dati n of District Hospital Nas ik.

……………..
Lok Sabha Question No. 299 (UNSTARRED), answered on 2017-02-03
Subject: Rolling Back of TCS
Ministry: FINANCE
Asked by: UDIT RAJ

299. DR. UDIT RAJ:

Will the Minister of FINANCE be pleased to state:

- (a) whether under provisions of section 206 C of the Income Tax Act, Tax Collected at Source (TCS) is applicable on timber obtained under forest produce in India under a forest lease or other than that, if so, the details thereof;
- (b) whether TCS is collected at the rate of 2.5% for timber imported into India, if so, the details thereof;
- (c) whether the timber merchants have made a request to roll back the TCS, if so, the details thereof; and
- (d) the steps taken by the Government in this regard?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SH. SANTOSH KUMAR GANGWAR)

- (a) Under Section 206 C of the Income-tax Act, 1961, Tax Collected at Source (TCS) is applicable at the rate of 2.5% on the sale of timber obtained under a forest lease and 2.5% on timber obtained by any mode other than under a forest lease.
- (b)  Yes Madam, TCS is applicable at the rate of 2.5% on timber imported into India.
- (c) Yes Madam. An association of timber merchants has requested for roll-back of the provisions of tax collection at source in case of imported timbers.
- (d)  The  suggestions  regarding  amendments  to  provisions  of  direct  tax  laws  were examined during the annual Budget exercise, 2017 and the suggestions for roll-back of TCS were not found to be  feasible.

******

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA UNSTARRED QUESTION NO. 299 TO BE ANSWERED ON FRIDAY, THE 3 RD  FEBRUARY, 2017 14 MAGHA, SAKA 1938

## ROLLING BACK OF TCS
Lok Sabha Question No. 297 (UNSTARRED), answered on 2017-02-03
Subject: Exemption from GST Ambit
Ministry: FINANCE
Asked by: ADVOCATE NARENDRA KESHAV SAWAIKAR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE *****

## LOK SABHA

## UNSTARRED QUESTION NO. 297

## TO BE ANSWERED ON FRIDAY THE 3 RD  FEBRUARY, 2017 MAGHA 14, 1938 (SAKA)

## EXEMPTION FROM GST AMBIT

## 297. SHRI ADV. NARENDRA KESHAV SAWAIKAR:

Will the Minister of FINANCE be pleased to state: (a)  whether  the  Government  has  received  any  proposal  for  exemption  for  some export sensitive service sectors like tourism, hospitality etc. from GST ambit and if so, the details thereof; and (b) the reaction of the Government thereon and the extent to which these sectors are likely to benefit?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

(a) and (b):Yes, Madam. Exports are generally treated as zero rated supply.

- ******
Lok Sabha Question No. 296 (UNSTARRED), answered on 2017-02-03
Subject: Disclosure of Clinical Trials Results
Ministry: HEALTH AND FAMILY WELFARE
Asked by: ASADUDDIN OWAISI

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

## LOK SABHA UNSTARRED QUESTION NO. 296 TO BE ANSWERED ON 3 RD FEBRUARY, 2017

## DISCLOSURE OF CLINIC AL TRIALS RESULTS

## 296. SHRI ASADUDDIN OWAISI:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether WHO has recommended to disclose the clinical trials results;
- (b) if so, whether the Government has a policy to disclose the result of clinical trials;
- (c) the other steps taken by the Government in this regard?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE ( FAGGAN SINGH KULASTE )

- (a): WHO  issued  a  statement  proposing  Public  Disclosure  of  Clinical  Trial  Resul on 14.04.2015.
- (b) & (c): The Indian Council of Medical Research maintains a Clinical Trial Registry a before initiating a clinical trial, it i s mandatory  to register with Clinical Trials Registry -India (CTRI). Further, after completion of a clinical trial, it is mandatory to submit summary t

………………
Lok Sabha Question No. 295 (UNSTARRED), answered on 2017-02-03
Subject: Expert Panel for Diabetes Treatment
Ministry: AYURVEDA,YOGA & NATUROPATHY,UNANI,SIDDHA AND HOMEOPATHY (AYUSH)
Asked by: MAHEISH GIRRI

## GOVERNMENT OF INDIA MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (AYUSH)

## LOK SABHA UNSTARRED  QUESTION NO. 295 TO BE ANSWERED ON 3 RD FEBRUARY, 2017

## EXPERT PANEL FOR DIA BETES TREATMENT

## 295. SHRI MAHEISH GIRRI:

Will  the  Minister of AYURVEDA,  YOGA  AND  NATUROPATHY,  UNANI, SIDDHA AND HOMOEOPATHY (AYUSH) be pleased to state:

- (a) whether the Government is planning for setting up an expert panel for diabetes tr under AYUSH system of medicine;
- (b) if so, the details thereof;
- (c)  whether  the  Government  has  received  proposals  to  conduct  research  on  yoga  rela treatment to prevent/manage diabetes and if so, the details thereof along with the acti thereon; and
- (d) the steps being taken to integrate preventive practices on diabetes into the current facilities/schemes?

## ANSWER

## THE MINISTER OF STATE (IC) OF THE MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (SHRI SHRIPAD YESSO NAIK)

- (a)  &  (b): Yes. A  16  member  committee  of  experts  has  been  constituted  by  Ministry  of AYUSH to prepare a Yoga Protocol for Diabetes Control. The Committee is headed by Dr. H.R Nagendra, Chancellor, S - Vyasa Universit y.
- (c): Yes. A  total  of  49  proposals  on  Diabetes  Mellitus  under  EMR  Scheme  of  Ministry  of AYUSH have been received to verify the efficacy of Yoga on Diabetes Mellitus from vari Govt. and Non - Government organization. The proposals have been prelimina rily evaluated.
- (d): The Ministry of AYUSH through its three research organizations, namely, Central Cou for Research in Ayurvedic Sciences (CCRAS) and Central Council for Research in Homoeopathy  (CCRH)  and  Central  Council  for  Research  in  Unani Medicine  (CCRUM)  has launched  a  programme  to  integrate  Ayurveda,  Homoeopathy  and  Unani  with  National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases and Str (NPCDCS). Yoga is a part of adjuvant therapy. In addition to this Central Council for Research in Yoga and Naturopathy (CCRYN) has opened 08 OPDs in various Govt. Hospitals to integrat preventive practices of Yoga & Naturopathy for the treatment of diabetes and other ailment current medical facilities.
Lok Sabha Question No. 294 (UNSTARRED), answered on 2017-02-03
Subject: Insurance Cover for House
Ministry: FINANCE
Asked by: RAJESHBHAI NARANBHAI CHUDASAMA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO. 294

TO BE ANSWERED ON 3 rd  February, 2017/Magha 14, 1938 (Saka)

## Insurance Cover for House

294. SHRI RAJESHBHAI CHUDASAMA:

Will the Minister of FINANCE be pleased to state:

- (a) whether the subscription to insurance cover for house is low in the country;
- (b) if so, the details including the percentage of coverage of house insurance across the country; and
- (c) the steps taken/being taken to improve the position?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

(a) to (c): Subscription to house insurance is low in India. Lack of awareness would be one  of  the  factors  behind  it.  In  India,  generally  Banks/Financial  institutions  stipulate insurance for houses financed by them. Insurance education may help consumers to understand their needs, risks, and the benefits of purchasing insurance for managing their  risks. Insurance  Regulatory  and  Development  Authority  of  India  (IRDAI),  as insurance  sector  regulator,  has  been  playing  pro-active  role  in  promoting  insurance education through all possible channels such as electronic  media,  newspaper advertisements, publications of handbooks, Radio/Television/Internet, etc.

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