Topic: 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...
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...
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... 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... 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...
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,...
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...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...Govt. makes Aadhaar mandatory for PMVKY subscribers
Centre government has made Aadhaar (the unique 12-digit biometric identity number) mandatory for subscribers of Pradhan Mantri Vaya Vandana Yojana (PMVVY) which is a pension scheme for senior...All about PM Kisan Maan Dhan Yojana
Union Ministry of Agriculture & Farmers Welfare has rolled out registration for the PM Kisan Maan Dhan Yojana to provide old age pension cover to farmers. It is...
Pradhan Mantri Vaya Vandan Yojana: Cabinet doubles investment limit for senior citizens
The Union Cabinet has approved doubling of investment limit from Rs 7.5 lakh to Rs 15 lakh under Pradhan Mantri Vaya Vandana Yojana (PMVVY). It also extended time...
