LIC
Initial Public Offering (IPO) of LIC- Highlights
The biggest-ever initial public offering (IPO) of India is by the Life Insurance Corporation of India (LIC). It has been fully booked under all the offered categories What percentage of shares is being sold? LIC’s IPO has received bids for ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
Amendment in FEMA Rules for LIC
The rules of the Foreign Exchange Management Act (FEMA) have been amended by the government to pave way for up to 20 per cent of foreign direct investment (FDI) in the Life Insurance Corporation of India (LIC). The central government ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
LIC: India’s largest Initial Public Offering
The Government of India is planning to sell 5% of its share in LIC. LIC is Life Insurance Corporation. With this, the government is trying to raise Rs 65,000 crores. What is the plan? 10% of the shares are being ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
LIC launched Mobile App for agents
Life Insurance Corporation of India (LIC) launched a mobile app called “Ananda mobile app” for its agents and intermediaries in order to onboard the prospective customers. Key facts ANANDA stands for Atma Nirbhar Agents New Business Digital Application. ANANDA is ..
Month: Current Affairs - August, 2021
LIC-owned IDBI Bank removed from PCA framework
The Reserve Bank of India (RBI) has removed IDBI Bank from the Prompt Corrective Action (PCA) framework which is the enhanced regulatory supervision of RBI on March 10, 2021. The bank was removed from the framework after four years as ..
Month: Current Affairs - March, 2021
DIPAM and World Bank sign Agreement
On November 16, 2020, DIPAM (Department of Investment and Public Asset Management) signed an agreement with World Bank. Under the agreement, the World Bank will provide advisory services on asset monetization. What is Asset Monetisation? Asset Monetisation is creating new ..
Month: Current Affairs - November, 2020
Mahatma Gandhi Bunkar Bima Yojana
The Mahatma Gandhi Bunkar Bima Yojana was recently discussed in the Lok Sabha by the Union Minister of Textiles. About the Scheme The Mahatma Gandhi Bunkar Bima Yojana is an insurance scheme for all community weavers. The scheme provides insurance ..