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Friday, August 8 1997
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IRA bill withdrawal stalls private sector entry into health insurance![[Details]](/icons/bullet.gif){kind=icon}
The withdrawal of Insurance Regulatory Authority (IRA) bill in the parliament has plugged the entry of private sector players in the health insurance sector. Unless amendments to the GIC Act are carried out, private sector participants will be unable to enter the health business arena.
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Unit Trust of India to pass up chance to retain Rs 400-crore
The Unit Trust of India (UTI) is passing up the first opportunity in recent times, of trying to retain funds with it. In August and September this year, two schemes with redemptions collectively valued at around Rs 350-400 crore will be allowed to expire without giving investors a rollover facility.
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Investment bankers, lawyers raise eyebrows over Lever naivette
The consensus among investment bankers and corporate lawyers is that Hindustan Lever goofed up in its reading of the law regarding SEBI's insider trading rules.
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The Group
