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Sunday, May 5, 2024
TopicLife Insurance Corporation

Topic: Life Insurance Corporation

Modi govt extends LIC Chairman M R Kumar’s term till March 2022

According to sources, the rules under the Life Insurance Corporation Act, 1956, have been amended to provide an extension to Kumar in view of the ongoing preparation for the IPO.

Why Modi govt is expected to struggle to sell stakes in 2 listed insurance companies

New India Assurance and General Insurance Corporation were listed in 2017. SEBI norms mandate the govt to now raise public shareholding to 25% from the existing 15%.

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.

India is set for mega IPOs worth tens of thousands of crores of rupees

IPO of LIC alone could fetch the govt between Rs 85,000 cr and Rs 90,000 cr – the biggest India has ever seen.

Indian regulators need to stop the IL&FS rot from spreading

RBI & SEBI need to urgently offer an emergency bailout to IL&FS before it does more harm to the rest of the market.

Selling IDBI stake to LIC is not medicine, it’s bureaucratic quackery

LIC’s customers signed up to protect their own lives – not that of a dying financial institution.

On Camera

‘Trade, not aid’—Narasimha Rao’s 1991 reforms speech that changed India’s economic landscape

On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.