https://www.taxtmi.com/news?id=1762 Government-issued Postal Life Insurance Special Securities were created to convert frozen balances of postal life insurance funds into transferable government obligations eligible for repo. Holdings by banks and insurance companies will not qualify as statutory government securities for banking requirements; however, insurance company investments may be classified as "other Approved Securities" under insurance investment regulations. Provident, gratuity and superannuation fund investments are administratively treated as eligible investments by the Ministry of Finance. en-us Tue, 05 Apr 2011 07:26:00 +0530 Tue, 05 Apr 2011 07:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1762 Government-issued Postal Life Insurance Special Securities were created to convert frozen balances of postal life insurance funds into transferable government obligations eligible for repo. Holdings by banks and insurance companies will not qualify as statutory government securities for banking requirements; however, insurance company investments may be classified as "other Approved Securities" under insurance investment regulations. Provident, gratuity and superannuation fund investments are administratively treated as eligible investments by the Ministry of Finance. News - Tue, 05 Apr 2011 07:26:00 +0530 https://www.taxtmi.com/news?id=1762