Explanation: The Insurance Regulatory Development Authority of India (IRDAI) has amended its master circular on investments, and allowed insurers to buy more perpetual bonds issued by banks and permitted them to participate in the public listing of high-yielding InvITs (Infrastructure Investment Trusts). i. The aggregate value of AT1 (additional tier one) bonds held in a particular bank, at any point of time, should not exceed 10% of the total outstanding AT1 bonds of that particular bank. ii. The public holding in the InvITs/REITs should not be less than 30% of total outstanding units of the InvIT/REIT (Real Estate Investment Trust) at the time of investment. iii. No insurer will invest more than 20% of the outstanding debt instruments in a single InvIT/REIT. iv. Expenses will be capped at 30% of gross premium in general and health insurance. In life insurance, it will vary between 0.01% and 80%.
DE JURE head of Union is?
Which of the following Schedule describes Rajya Sabha seats?
Jawaharlal Nehru was the chairman of which of the following committees of the constituent assembly?
1. Union Powers Committee
2. States Co...
Which Article of the Indian Constitution enshrines the Right to Equality of Opportunity in Employment?
Who among the following leaders dominated the Lucknow Pact in December, 1916?
Which article of the Indian Constitution deals with the formation of new states?
Which article of the Indian Constitution deals with voting, vacancies, and quorum in Parliament?
Which statement is TRUE regarding the Attorney General (AG) of India?
Which house one-third member retires after every 2 years?
Examine these two statements:
1. Both India and Pakistan ceased to be British dominions with commencement of their constitution.
2. Pakist...
