The government may list all four public sector general insurance companies on the exchanges this fiscal. "The listing of all state-run general insurers will happen one by one this year," said Economic Affairs Secretary Shaktikanta Das, adding that the modalities have been finalised by the Department of Financial Services and the insurers. While Das declined to comment on the exact proposals, Indianmandarins has learnt that 10 per cent of the government equity in each of the public sector general insurers would be divested. The proposals are said to be almost ready. They have to receive Cabinet approval and based on market conditions will be listed one by one. The move follows an announcement in the Union Budget 2016-17 to this effect. Apart from the Agriculture Insurance Company of India, there are four state-owned general insurers - New India Assurance Company, National Insurance Company, The Oriental Insurance Company and United India Insurance. New India Assurance may be the first to hit the street. The revenue raised through the listing would be used for business expansion where required, while the balance would be credited to the exchequer.