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.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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