Recents in Beach

Centre to scrap 51% holding clause to privatise insurer

The government is ready with a proposal to amend insurance laws to privatise one of the three unlisted general insurance companies. The draft Bill, which has been sent for approval by the Union Cabinet before introducing it in Parliament, seeks to remove the 51% floor on government holding, official sources told TOI.



July 26, 2021 at 08:12AM

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