IRDA allows insurance for markets

In a move likely to give a fillip to the markets recently, as well as help meet the demands of the finance ministry to bolster the participation of insurance companies in PSU disinvestments, the Insurance Regulatory and Development Authority (IRDA) recently allowed insurance companies to increase their equity holding in companies by up to 15%, from 10% earlier.

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Delayed listing of State Owned Insurance Companies by Government

Government of India recently postponed its decision with regard to the listing of four State owned General Insurance Companies with the Stock Exchanges. The reason quoted by the Finance Ministry is that the financial healths of these companies are not sound to exert a pull on the investors.

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