Anyone who’s tried to put in a claim knows insurance isn’t charity. If it becomes too expensive to cover losses for natural disasters, insurers will pull back toward areas that are profitable.
In ‘The Age of Pandemics’, Chinmay Tumbe writes that the outcomes of pandemics are strongly influenced by politics — whether the plague or the Spanish Flu.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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