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Irdai opens NDB's Maharajah INR bonds to insurers

In a circular dated August 27, the regulator said that it had received representation from New Development Bank to permit Insurers to invest in Maharajah INR Bonds.

  • Irdai permits insurers to invest in Maharajah INR bonds issued by NDB.
  • NDB aims to raise ₹25,000 crore through these bonds over five years.
  • Insurers can include these bonds in approved investments if meeting rating criteria.

Trade Deficit Upside Surprise by $18bn

Goods trade deficit larger than before the election. So much for tariffs reducing goods imports relative to pre tariff. Figure 1: Goods trade balance, BoP basis (black), Census basis (red), Bloomberg…

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