Govt shelves plan to merge 3 insurance firms; focus now on making them profitable

Govt shelves plan to merge 3 insurance firms; focus now on making them profitable

Merger plan, envisaged by late former finance minister Arun Jaitley, has been dropped for now and the Centre now wants to make these companies profitable

Centre approved capital infusion of Rs 12,450 crore in these three state-owned general insurance firms