The Union Cabinet may on Wednesday approve the merger of three government general insurance companies, Oriental Insurance Company, National Insurance Company, and United India Insurance Company. At the same time, the official said, "The cabinet had proposed the merger of the three insurance companies to a media reporter insurance company." At the same time, he also proposed to list the company formed after the merger in the domestic stock markets.
Record recovery of non-performing assets in one and a half years
Jaitley had said in his budget speech, "The three government general insurance companies National Insurance Company Ltd, United India Assurance Company Limited and Oriental India Insurance Company Limited can be merged to form an insurance company."
Gold, silver price falls, know the new rate
It will be listed after that. ”At present, the merger process has been delayed due to the poor financial health of the three companies. "The idea is to strengthen all three companies before listing," said the same official. With this, the cabinet will take the final decision in this matter. "The same center has already invested Rs 2,500 crore in these three government companies. According to the budget document, Rs 6,950 crore will be poured into these three companies next year.
Gold prices fall sharply amid Delhi election results, silver prices fall