Tags: 'Restructuring of insurance sector',
'take-over code',
'de-bureaucractising & de-politicising',
'non-government directors',
'operational flexibility',
'equity base',
' 4 subsidiaries of GIC',
'LIC',
'General Insurance Corporation (GIC)',
'regulatory authority',
'gradual/go-slow approach',
'Indian Airlines',
'Air India',
'dis-investment',
Malhotra Committee,
Finance Ministry,
ONGC