LIC లో ప్రభుత్వ వాటాను ఎందుకు అమ్మాలనుకుంటున్నారు? || Why Government Desperate Disinvestment LIC ||
The Union Budget’s most controversial proposal is to disinvest Life Insurance Corporation of India (LIC), which has 29 lakh individual policy holders besides 11 lakh enrolled in group policies. The disinvestment will have huge implications for not only policy holders but also for the national economy as this public sector major supports government expenditure to significant levels.
Budget proposal
Union Finance Minister Nirmala Sitaraman in her budget speech said, “Listing of companies on stock exchanges discipline a company and provides access to financial markets and unlocks its value. It also gives an opportunity for retail investors to participate in the wealth so created. The government now proposes to sell a part of its holding in LIC by way of Initial Public Offer (IPO)”.
https://newsmeter.in/why-lic-should-not-be-disinvested-newsmeter/
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LIC లో ప్రభుత్వ వాటాను ఎందుకు అమ్మాలనుకుంటున్నారు? || Why Government Desperate Disinvestment LIC || The Union Budget’s most controversial proposal is to disinvest Life Insurance Corporation of India (LIC), which has 29 lakh individual policy holders besides 11 lakh enrolled in group policies. The disinvestment will have huge implications for not only policy holders but also for the national economy as this public sector major supports government expenditure to significant levels. Budget proposal Union Finance Minister Nirmala Sitaraman in her budget speech said, “Listing of companies on stock exchanges discipline a company and provides access to financial markets and unlocks its value. It also gives an opportunity for retail investors to participate in the wealth so created. The government now proposes to sell a part of its holding in LIC by way of Initial Public Offer (IPO)”. https://newsmeter.in/why-lic-should-not-be-disinvested-newsmeter/
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