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IRDA TO PARK SURPLUS IN PUBLIC ACCOUNT (the Law Ministry has concurred with the proposal of the Finance Ministry).
(From India Business Insight)
The Government of India had asked the Insurance Regulatory and Development Authority (IRDA) to park its surplus funds in the Public Account of India.
This had created a dispute between the IRDA and the Finance Ministry. Overruling the IRDA's objections the Law Ministry has given its final ruling on the …
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