Govt to resolve SEBI-IRDA spat: Parekh

The government will soon find an out-of-court solution to the turf war between two regulators, SEBI and IRDA, which has made India a laughing stock , top banker Deepak Parekh said. At the same time, he hit out at the government for allowing the capital markets and insurance regulators to go to the courts, saying a rethink on the their fight over jurisdiction on Unit Linked Insurance Products would lead to a solution in the next few days. Parekh, a key adviser to the government on various policy matters, however, replied in the negative when asked if the settlement was based ...

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