The government is pushing ahead with LIC IPO to help plug a widening budget gap as it aims to raise Rs 1.75 trillion by March via divestments and the sale is key for achieving this target.
The Modi-led central government is looking at the LIC IPO, slated to be India’s largest ever, to help narrow its budget gap to 6.8% of GDP in the year through March 2022.
According to government reply in Lok Sabha, the pilot phase of PMIS is being used to test concepts, strategies and systems before a full-scale implementation of the scheme.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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