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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.
A pedestrian walks past an IDBI Bank Ltd. automated teller machine (ATM) branch in Jaipur. Photograph: Sanjit Das/Bloomberg via Getty Images

Ailing IDBI Bank wants another Rs 10,000 crore from new owner LIC, weeks after new funding

IDBI Bank has routed the request through the Department of Financial Services in the finance ministry.

This is how IL&FS has planned to rescue itself

Rescuing IL&FS, which has a total debt of $12.6 billion, is vital to stem the risk of default spreading to other lenders.

On Camera

Prime Minister Narendra Modi delivers an address on the occasion of Buddha Purnima Thursday | Photo: ANI

As Covid goes out of hand, Modi goes back to yoga, acronyms and nationalism

In the beginning, Narendra Modi took complete ownership of the Covid issue. With the migrant labour crisis and the growing spread of Covid, Modi is moving on to other things to protect his image.

Can schools & students be trusted with Covid norms or should classes begin as curve flattens?

Over two lakh parents across India have opposed the Ministry of Home Affairs’ plan to reopen schools in July.

Defence

Union Defence Minister Rajnath Singh | Photo: ANI

Chinese troops present in sizeable numbers at LAC, India has done what’s needed: Rajnath

Defence Minister says India and China perceive LAC differently, leading to regular jostling; Beijing ‘should seriously deliberate’ and resolve the issue amicably.

The Chinese are so predictable, Modi & Shah should’ve seen them coming on 5 August 2019

India should’ve anticipated the Chinese appearance in Ladakh, even the timing of it, when the status of Jammu & Kashmir was changed.