Kolkata, April 27: West Bengal Finance Minister Amit Mitra has urged Union Finance Minister Arun Jaitley not to shift the headquarters of National Insurance Company from the city as a part of proposed merger of public sector general insurance companies.
In a communication to Jaitley, he also said any move to shift the insurance company's head office from the city will "strike a blow" to the emerging financial ecosystem in West Bengal and will "hurt the interest" of people of Bengal and eastern India at large.
"After the announcement in this year's Union Budget of the merger of the three public sector insurance companies, I am apprehensive that the headquarters of the National Insurance Company Ltd might now be shifted away from Kolkata," he said in a letter.
Mitra mentioned the insurance company with a turnover of Rs 16,472 crore and assets worth Rs 32,397 crore is the oldest general insurance company in India, located in Kolkata since its inception.
According to him, the insurance company is building its head office in the newly developed financial hub in New Town, Kolkata. About 24 banks and financial institutions have taken spaces in this hub for building their offices and State Bank of India has built its largest training centre in the hub.
"In this positive atmosphere of financial services, any move to shift the National Insurance Company Ltd headquarters from Kolkata will definitely strike a blow to this new financial ecosystem. I therefore, urge you not to move the National Insurance Company's headquarters from Kolkata," he said.
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Narine stars as KKR keep playoff hopes alive with 14-run win over DC
New Delhi, Apr 29 (PTI): Kolkata Knight Riders defeated Delhi Capitals by 14 runs to keep their IPL play-off hopes alive here on Tuesday.
Invited to bat, a collective batting effort helped Kolkata Knight Riders post 204 for 9.
Their bowlers, led by Sunil Narine 3/29, then restricted the Capitals to 190/9 despite contributions by Faf du Plessis (62), Axar Patel (43) and Vipraj Nigam (38).
Earlier, Angkrish Raghuvanshi (44 off 32 balls) top-scored for KKR.
Mitchell Starc (3/43) picked up three wickets for the hosts, while spinners Axar 2/27 and Nigam (2/41) chipped in with two wickets apiece.
Brief Scores:
Kolkata Knight Riders: 204 for 9 in 20 overs (Angkrish Raghuvanshi 44, Rinku Singh 36; Mitchell Starc 3/43).
Delhi Capitals: 190 for 9 in 20 overs (Faf du Plessis 62, Axar Patel 43; Sunil Narine 3/29).
