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Trump says the US will lower its tariffs threatened on goods from Indonesia to 19% from a planned 32%.
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News and Media
India's insurance regulator, IRDAI, is proposing to double investment limits for insurers in REITs and InvITs, aiming to channel more long-term capital into infrastructure and real estate. The regulator is also considering allowing insurers to invest in gold ETFs under ULIPs, with a cap of 5% of a segregated fund's assets.
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The government will decide on increasing foreign investment in public sector banks after the Reserve Bank of India reviews voting rights. Current rules limit foreign investment to 20%. The RBI is reviewing shareholding limits for private banks too. India allows 74% foreign investment in private banks. The government hopes for a strategic sale in IDBI Bank by October.
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News and Media
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