On 16 December 1957, Lok Sabha MP Feroze Gandhi spoke how the Life Insurance Corporation invested nearly Rs 1.25 crore to help Calcutta-based stock speculator Haridas Mundhra who was in financial difficulties.
While it is easy to buy term insurance online, the critical thing to decide is the right coverage amount, i.e., how much the sum assured of the policy should be.
LIC has been seeking to drum up interest with newspaper advertisements since the start of the year, seeking to take advantage of a retail investment boom in the country.
With transactions likely to take 15 days, & given current market volatility, it is learnt budget division in finance ministry isn't including LIC IPO proceeds as part of this fiscal's calculation.
A group of ministers is likely to meet on 4-5 March to decide whether the govt should go ahead with the IPO, as foreign portfolio investors could be key to its success.
Life Insurance Corporation, set for India's biggest-ever initial share sale, has a portfolio peppered with index heavyweights like Reliance Industries and ITC.
Move comes after FM Sitharaman sharply reduced asset-sale targets at budget announcement, raising questions about how much she plans to raise from the LIC IPO.
The ISA should champion a Global Solar Asset Registry for standardised project information, and establish a Solar Credit Guarantee mechanism to mitigate political and currency risks.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.
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