The Government today said that Life Insurance Corporation of India (LIC) has not been privatized. Replying to a supplementary question during the Question Hour in Lok Sabha, Minister of State for Finance, Anurag Thakur said, the government is bringing in the IPO to usher in transparency and valuation.
He said, the IPO will increase the investment in LIC. He said the decision on percentage for share holders will be taken later. Mr. Thakur said, IPO will benefit the country and shareholders as well.
Support Ethical Journalism. Support The Dispatch
The Dispatch is a sincere effort in ethical journalism. Truth, Accuracy, Independence, Fairness, Impartiality, Humanity and Accountability are key elements of our editorial policy. But we are still not able to generate great stories, because we don’t have adequate resources. As more and more media falls into corporate and political control, informed citizens across the world are funding independent journalism initiatives. Here is your chance to support your local media startup and help independent journalism survive. Click the link below to make a payment of your choice and be a stakeholder in public spirited journalism