New Delhi, July 27 (IANS) The government has realised an amount of Rs 26,639.33 crore during the current financial year (as on July 22), which includes Rs 20,272.40 crore from disinvestment through Offer for Sale (OFS) of Central Bank of India, Coal India Ltd, NHPC Limited, NLC India Limited, General Insurance Corporation of India, Indian Railway Finance Corporation Ltd and Cochin Shipyard Ltd, and another Rs 6,366.93 crore from asset monetisation, the Parliament was informed on Monday.Fixing se…
Latest General Insurance Corporation of India News & Updates
New Delhi, June 25 (IANS) The government has raised more than Rs 25,000 crore so far this year through stake sales in public sector undertakings (PSUs) via the Offer for Sale (OFS) route, which is highest such fundraising exercise in over a decade, according to market data.The data — compiled by Prime Database — showed that the Centre mobilised around Rs 25,491 crore by diluting stakes in eight listed PSUs during 2026, the highest amount raised through PSU OFS issues since 2015, when about Rs …
New Delhi, June 22 (IANS) The government on Monday trashed reports that it was planning an offer for sale of shares in Cochin Shipyard Ltd as part of the disinvestment programme. “No stake sale is planned in Cochin Shipyard at present,” a Finance Ministry official said, The clarification came after media reports, citing sources, said the Centre was considering an offer for sale (OFS) of a 6 per cent to 8 per cent stake in Cochin Shipyard. The reports said the transaction could raise more than Rs…
New Delhi, May 12 (IANS) In a move aimed at safeguarding India’s maritime trade and shipping operations amid escalating tensions in the Middle East, the Department of Financial Services (DFS), Ministry of Finance, on Tuesday launched the ‘Bharat Maritime Insurance Pool’ (BMIP) with a total underwriting capacity of $1.5 billion and a sovereign guarantee support of $1.4 billion (around Rs 12,980 crore).The initiative is designed to ensure uninterrupted maritime insurance coverage for Indian-…
New Delhi, Jan 13 (IANS) The Centre said on Tuesday that the Department of Financial Services (DFS) with Public Sector Banks (PSBs) will unveil the Composite Salary Account Package for Central government employees on January 14.The initiative offers Central Government employees a unified account combining banking and insurance benefits, designed with banks to ensure broad coverage, consistency, and convenience for all cadres (Groups A, B, and C).“The Department of Financial Services with Publi…