The Insurance Regulatory and Development Authority (IRDA) is planning to allow insurance companies to invest in the debt securities issued by any pooled investment vehicles, including infrastructure and real estate investment trusts, three people with direct knowledge of the matter told ET. The move could help bring more funds to infrastructure via infrastructure investment trusts (InvITs) and real estate investment trusts (REITs), the hybrid models through which the government is attempting to channelise money into the cash-starved sector.
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