https://www.taxtmi.com/news?id=658 The Government issued 8.20% Special Bonds at par to three oil marketing companies as compensation for estimated under recoveries; the bonds are transferable and repo eligible, with RBI Liquidity Adjustment Facility inclusion at the Bank's discretion. Bank and insurance investments will not be reckoned as eligible government securities for statutory requirements, though insurance investments may qualify as "other Approved Securities" under IRDA (Investment) Regulations, 2000, and provident, gratuity and superannuation fund investments will be treated as eligible under a Ministry of Finance administrative order. en-us Mon, 10 Nov 2008 19:16:18 +0530 Mon, 10 Nov 2008 19:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=658 The Government issued 8.20% Special Bonds at par to three oil marketing companies as compensation for estimated under recoveries; the bonds are transferable and repo eligible, with RBI Liquidity Adjustment Facility inclusion at the Bank's discretion. Bank and insurance investments will not be reckoned as eligible government securities for statutory requirements, though insurance investments may qualify as "other Approved Securities" under IRDA (Investment) Regulations, 2000, and provident, gratuity and superannuation fund investments will be treated as eligible under a Ministry of Finance administrative order. News - Mon, 10 Nov 2008 19:16:18 +0530 https://www.taxtmi.com/news?id=658