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of <h1>Central Government-Controlled Corporations Defined: Includes Nationalized Banks, LIC, GIC, IDBI per Section 619B. Co-ops Excluded.</h1> The circular clarifies which corporations are considered owned or controlled by the Central Government under section 619B. The specified entities include nationalized banks, the General Insurance Corporation of India, the Life Insurance Corporation of India, and the Industrial Development Bank of India. However, co-operative institutions, the Industrial Credit & Investment Corporation of India, the Unit Trust of India, and the Industrial Finance Corporation do not fall under this definition. The list provided is illustrative, not exhaustive, indicating that there may be other corporations that fit the criteria.
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