Govt tables Bill in Parliament to amend general insurance law
The Morning Standard|July 31, 2021
What we are trying to do in this is not to privatise. We are bringing some enabling provision so that the govt can bring in public, Indian citizens, and common people’s participation in the general insurance companies

AMID protest from the opposition members, the Centre on Friday tabled a bill to amend the general insurance law which will allow the government to pare its stake in state-owned insurers.

Introducing the Bill, Finance Minister Nirmala Sitharaman insisted that it will not lead to privatisation and assured that its passage will help generate required resources from the Indian markets so that public sector general insurers can design innovative products.

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