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Illustration: Soham Sen/ThePrint

Why Modi govt has made a good call to move out of all non-strategic sectors

Government participation in the market should be the exception, and not the norm. The latest bid to disinvest is a step in the right direction.
LIC building in New Delhi | Commons

Modi govt begins LIC IPO process, but valuation will pose a major challenge

The listing of India’s largest life insurer has to be preceded by many steps, including amendments to the LIC Act and determining its valuation.
Account holders stand in a queue to withdraw money from Yes Bank at Bandra, Mumbai, Friday | Photo: ANI

Yes Bank crisis shows why India needs a resolution mechanism to act before it is too late

Yes Bank should’ve been overseen by a Resolution Authority, depositors shouldn’t have had to face moratorium. Now SBI or LIC shouldn’t be forced to buy it.
LIC headquarters in Mumbai

How the LIC mega IPO can also help reform India’s larger financial sector

If done right, IPO can bring transparency & efficiency to LIC, ensure govt doesn’t force it to buy weak PSUs, and improve resource allocation in the economy.
FM Nirmala Sitharaman

LIC to tax charter: Budget 2020 wants India in the big league, but offers mere quick fixes

Modi govt’s Budget identifies key reform areas, but a mere window dressing won’t get desired results. There is clear need for deep structural reforms.
LIC headquarters in Mumbai

LIC to be listed for IPO, employees say sale is against ‘national interest’

In her Budget speech, Nirmala Sitharaman announced that part of the state-owned LIC will be offered to private investors as part of the government's disinvestment initiative.
LIC headquarters in Mumbai

LIC dismisses rumors of financial trouble, assures policyholders’ money is secure

The insurer issued a clarification in response to reports alleging the company was suffering heavy financial losses.
LIC headquarters in Mumbai

How LIC’s high-profile investments in PSU stocks have eroded in the last five years

A selection of the best news reports, analysis and opinions published by ThePrint this week.
LIC headquarters in Mumbai

LIC has lost more than Rs 20,000 crore in just 5 PSU stocks Modi govt made it buy in 2 yrs

India’s largest life insurer LIC has assets of over Rs 31 lakh crore. But value of its investments in firms like New India Assurance, HAL & IDBI Bank has halved.
A file photo of the LIC office in New Delhi. | Commons

LIC put Rs 10.7 lakh cr in PSUs under Modi, almost same as investments in 6 decades to 2014

When Modi govt came to power, LIC’s cumulative investment in public sector was Rs 11.9 lakh crore. At the end of FY 2018-19, it jumped to Rs 22.6 lakh crore.

On Camera

File photo of US Senator Kamala Harris | Facebook

Hinduphobia makes Kamala Harris’ identity a liability. So she is ‘Black’ in US media

No wonder the wealthy and influential, but largely Democratic, Indian-American community has not yet welcomed Kamala Harris’ candidature as warmly as might be expected.
Rishi Sunak, UK Chancellor of the Exchequer, departs from Number 10 Downing Street in London, UK, on 13 February 2020 | Simon Dawson | Bloomberg

UK economy plunges into deep recession, shrinks 20.4% between April and June

Reacting to Office for National Statistics data, UK Chancellor Rishi Sunak said the figures confirm that hard times were here and warned about more job losses in the coming months.

Defence

Army convoy moving towards eastern Ladakh from Leh on 30 June 2020 (representational image) | ANI

30,000 additional troops in Eastern Ladakh, Army faces stiff task housing them for winter

There is an infrastructure shortage in Eastern Ladakh, stemming from the fact that such large-scale movement of troops was unheard of in the region, and due to the challenging terrain.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.