Modi Cabinet clears Rs 12,450 cr capital infusion in Public Sector General Insurance Companies; expert says will strengthen balance sheets
The Union Cabinet chaired by the Prime Minister, Narendra Modi today approved the capital infusion for an overall value of Rs 12,450 crore.
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. Photo: PIB