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Parliament has passed the General Insurance Business (Nationalisation) Amendment Bill, 2021. It removes the mandatory provision of how much per cent shareholding of the central govt in General Insurance Corporation of India?

Parliament has passed the General Insurance Business (Nationalisation) Amendment Bill, 2021. It removes the mandatory provision of how much per cent shareholding of the central govt in General Insurance Corporation of India? Correct Answer 51

The correct answer is 51%.

  • Parliament has passed the General Insurance Business (Nationalisation) Amendment Bill, 2021.
  • The Bill seeks to amend the General Insurance Business ( Nationalisation) Act, 1972.
  • It removes the mandatory provision of 51% shareholding of the central govt in General Insurance Corporation of India, National Insurance, New India Assurance, Oriental Insurance and United India Insurance companies. 

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