IRDA expands definition of ‘infrastructure facility’

Insurance Regulatory and Development Authority (IRDA) has expanded the definition of ‘infrastructure facility’ under its  Registration of Indian Insurance Companies Regulations. In a gazette notification, the insurance regulator passed an  amendment to the regulation wherein the term ‘infrastructure facility’ will be replaced by ‘harmonised master list of  infrastructure sub-sectors’, as specified by the Department of Economic Affairs, Ministry of Finance. Read more