Insurance light at end of infra tunnel?

Indian infrastructure is going nowhere without funds and the cash rich insurance sector may get roped into the equation by a desperate government. Insurance regulator IRDA today said it is examining a proposal for removing cap on investment in infrastructure bonds of highly-rated companies by insurers, a move which would increase fund flow in the crucial sector. Indian infrastructure is lagging for want of funds and this may leave the country s people increasingly short of crucial requirements like roads, power, ports and more to speed up the pace of economic growth. We are examining the proposal ... There is a ...

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