 "Life insurance corporation, LIC")
Ahead of Life Insurance Corporation's public listing, the Union government has cleared the proposal to allow 20 per cent foreign direct investment in the insurance behemoth. Read more on that in today's top headlines
Govt set to allow 20% foreign direct investment in LIC ahead of listing
The Centre has decided to allow 20 per cent foreign direct investment in the Life Insurance Corporation of India (LIC), like in the case of public sector banks (PSBs), according to people in the know. This is expected through amendment of the Foreign Exchange Management Act (FEMA) rules in a move to attract
