Finance ministry asks state-owned insurance companies to focus on profitable businesses

The Indian Finance Ministry has directed state-owned insurance companies to focus on profitable businesses to improve their financial health. The ministry's directive comes in light of the challenges these companies face, including low profitability and increasing competition from private players. The government aims to ensure that these companies operate more efficiently and contribute positively to the economy. This move is part of a broader strategy to strengthen public sector enterprises and ensure their long-term sustainability in a competitive market.