LIC Act 1956 Current Affairs, GK & News

Foreign direct investment in LIC

The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to create a plan to amend the FDI in insurance sector after consulting DPIIT. DFS is ..

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LIC to have CEO and MD to Substitute Chairman

Life Insurance Corporation of India (LIC) is creating post for Managing Director (MD) and Chief Executive Officer (LIC) instead of having an Executive Chairman. Highlights These changes have been outlined in backdrop of launch a mega initial public offering (IPO). LIC will have instead of an Executive Chairman on the line of public sector banking ..

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