As per the statement of objects and reasons of The General Insurance Business (Nationalisation) Amendment Bill, 2021, it seeks to remove the requirement that the central government should hold not less than 51 percent of the equity capital in a specified insurer.source https://economictimes.indiatimes.com/industry/banking/finance/insure/lok-sabha-passes-bill-to-amend-public-sector-general-insurance-law/articleshow/84973235.cms
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