Budget 2021-22: 74% FDI in insurance companies, privatization of a general insurance company

Budget 2021: Finance Minister Nirmala Sitharaman on Monday announced 74% foreign investment in insurance companies while presenting the budget in Parliament. A general insurance company will be privatized. Know what is special for insurance companies in the budget.

Declaration of 74 percent foreign investment in insurance companies.

-A general insurance company will be privatized.
-LIC’s IPO will be launched this year.
-1624 crore plan in the budget to promote merchant ship.
-22 thousand crore rupees will be infused in government banks.
-Bad will constitute a bank.
-Charter will apply to investors.

-Gas pipeline scheme will expand in Kashmir.
-Government’s big announcement for NPA, Management Committee to be formed on submerged debts.