Expense Account, Mint This week, fresh guidelines from the Insurance Regulatory and Development Authority (Irda) attempted to deal with some of the issues that the Securities and Exchange Board of India (Sebi) has raised in its notice to 14 insurance companies earlier this year ordering them to stop selling mutual funds that masquerade as insurance...
Expense Account, Mint The spat between the insurance and the capital market regulators is now at a critical stage of a game theory experiment. While the regulators are debating the location of the court where the dispute will be heard (the insurance regulator does not want Mumbai where the judge may actually understand finance), insurers...
Expense Account, Mint So it comes to pass. The ministry of finance, which could have laid to rest the uncertainty that faces millions of retail investors, in the best tradition of bureaucratic ennui, has passed the buck to the courts to sort out the differences between the capital market and insurance regulators. While the post-retirement...