News From Press Govt moves to shed stake in a general insurance co

Govt moves to shed stake in a general insurance co

Not a move to privatise, insists Finance Minister as members protest

Source:BusinessLine Jul 31, 2021

The Finance Minister, Nirmala Sitharaman, on Friday introduced a Bill in the Lok Sabha to offload a part of government's stake in public sector general insurance companies. The Bill will amend the General Insurance Business (Nationalisation) Act, 1972.

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