Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.818)

818. 

The Union Cabinet has approved the capital infusion of how much in the three Public Sector General Insurance Companies namely Oriental Insurance Company Limited, National Insurance Company Limited and United India Insurance Company Limited?

[A]. Rs.12,450 crore
[B]. Rs.9,450 crore
[C]. Rs.16,450 crore
[D]. Rs.10,450 crore

Answer: Option A

Explanation:

The Union Cabinet 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 , National Insurance Company Limited and United India Insurance Company Limited. Of this, Rs.3,475 crore will be released immediately; while the balance Rs,6475 crore will be infused later.

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.