Parliament: Why govt has no record on farmer income, who will own LIC

Finance Minister said that listing of LIC will give opportunity for retail investors to participate in the creation of wealth

Parliament proceedings were disrupted on Tuesday as Congress and BJP lawmakers sparred over the riots in Delhi, but there was still time for the government to make policy statements about tax collections, bank frauds and farmers' income. Here is what it said. 

1. Govt to retain LIC control after listing

Nirmala Sitharaman on Tuesday during the Question Hour informed the Rajya Sabha that the government will retain management control of Life Insurance Corporation and and safeguard the interest of policyholders even after listing of the insurance behemoth through initial public offering (IPO) on stock exchanges.

In a written reply, the