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2025-12-12 19:18:04
[Indian Cabinet Approves Several Financial and Energy Reforms] ⑴ Sources say the Indian cabinet has approved a new Atomic Energy Act, opening the nuclear energy sector to private companies. ⑵ Sources say the Indian cabinet has approved a bill raising the foreign direct investment cap in the insurance industry from 74% to 100%. ⑶ Three informed sources revealed that Indian pension funds have requested regulators to add a new bond investment category, allowing funds to hold bonds to maturity to mitigate the impact of daily price fluctuations. ⑷ This request stems from a proposal made by regulators in October, which would value long-term bonds on an accrual basis and other bonds on a market value basis. Currently, all bonds are valued at market value.
