l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra
Mantra View

Cabinet approves proposal for capital infusion for OICL, NICL and UIICL

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its in principle approval for capital infusion for three Public Sector General Insurance Companies, namely, Oriental Insurance Company Limited (OICL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL).

In view of the above, Cabinet has allowed immediate release of Rs. 2500 Crore in the light of the critical financial position and breach of regulatory solvency requirements of 3 PSGICs viz. OICL, NICL and UIICL.

Related posts

PM talks to the President Trump


States Step up Vigil as Sixth Coronavirus Case Detected


Delhi duo Top Ice Skaters lack of funds hurdle in way of dream career.


Leave a Comment

4 × four =