Budget 2021: LIC IPO to be rolled out in FY22
Announcing the Union Budget 2021-22, the Finance Minister also increased FDI in insurance sector to 74 per cent from 49 per cent
- Feb 1, 2021,
- Updated Feb 1, 2021 9:18 PM IST
Presenting her third Union Budget, Finance Minister Nirmala Sitharaman announced that the government will roll out the IPO for Life Insurance Corporation of India in the next financial year.
"In 2021-22 we would also bring the IPO of LIC for which I am bringing the requisite amendments in this Session itself," the Finance Minister said in her Budget speech on Monday.
Promising to complete the pending strategic sale of central public sector enterprises, the Finance Minister pegged the disinvestment target for the upcoming financial year at Rs 1.75 lakh crore.
Presenting her third Union Budget, Finance Minister Nirmala Sitharaman announced that the government will roll out the IPO for Life Insurance Corporation of India in the next financial year.
"In 2021-22 we would also bring the IPO of LIC for which I am bringing the requisite amendments in this Session itself," the Finance Minister said in her Budget speech on Monday.
Promising to complete the pending strategic sale of central public sector enterprises, the Finance Minister pegged the disinvestment target for the upcoming financial year at Rs 1.75 lakh crore.