Union Cabinet chaired by the Prime Minister has approved the capital infusion for an overall value of Rs.12,450 crore; (including Rs. 2,500 crore infused in FY 2019-20) in the three Public Sector General Insurance Companies namely Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL). Of which Rs.3,475 crore will be released immediately; while the balance Rs,6475 crore will be infused later. Cabinet also approved increase in authorised share capital of NICL to Rs.7,500 crore and that of UIICL and OlCL to Rs 5,000 crore respectively to give effect to the capital infusion. The process of merger has been ceased so far in view of the current scenario and instead, the focus shall be on their profitable growth. The capital infusion of Rs.3,475 Crore will be allocated to three Public Sector General Insurance Companies viz. OlCL, NICL and UIICL as the first tranche in the current financial year and the balance amount will be released in one or more tranches. Oriental Insurance Company Limited (OICL) Headquarters: New Delhi, MD&CEO: SN Rajeshwari National Insurance Company Limited (NICL) Headquarters: Kolkata, MD& Chairman: Smt. Suchita Gupta United India Insurance Company Limited (UIICL) Headquarters: Chennai, CEO: Shri Girish Radhakrishnan
Which country hosted 2016 Olympic games ?
How much does the Indian government plan to invest in river cruise tourism and green vessel development by 2047, according to Union Minister Sarbananda ...
____________ has been selected by the Indian Council of Medical Research for its Dr Subhas Mukherjee Award for the year 2020.
In which year did India release its first National Multidimensional Poverty Index (MPI)?
The value of UPI transactions has grown from ₹ 1 lakh crore in FY 2017-18 to ________ in FY 2022-23 at a CAGR of 168%.
Which of the following statements accurately reflects the approvals granted by the Competition Commission of India (CCI) in July 2024?
A) Transac...
Indian Railway is creating the highest pier railway bridge in the world in the state of?
DICGC is a wholly-owned subsidiary of ____________.
Consider the following statements about National Geoscience Data Repository (NGDR) Portal:
1. Union Ministry of Mines launch the NGDR...
The acceleration of the ocean current connecting the Indian, Atlantic, and Pacific oceans has been linked to which global condition?