homevideos Newspersonal finance NewsGovt may move insurance law amendment in current parliament session, say sources
Govt may move insurance law amendment in current parliament session, say sources
The government is planning to move the insurance law amendments in the current session of the parliament, sources tells CNBC-TV18.
The work is in advance stage and the government aims to bring the law, the amendments in this session of the parliament. So, in August one can expect a Cabinet nod. This means that you have the general insurance business nationalisation act, in that the amendment will be made and the government shareholding will go below 51 percent in PSUs.
As of now, the plan is only for one PSU company where the government is willing to privatise it. However, it will be enabling in nature wherein in future if they want to put some other company on the block they would not have to go back to the parliament, to get the permission for an amendment. This will definitely open route for future privatisation.
For more, watch the accompanying video of CNBC-TV18’s Sapna Das.
(Edited by : Bivekananda Biswas)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Andhra Pradesh Lok Sabha elections: A look at YSRCP candidates
Apr 25, 2024 6:54 PM
Lok Sabha elections 2024: Banks and schools to remain closed in these cities for phase 2 voting
Apr 25, 2024 5:33 PM
Andhra Pradesh Lok Sabha elections: Seats, schedule, NDA candidates and more
Apr 25, 2024 5:16 PM