Life Insurance Corporation of India Current Affairs, GK & News
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 2.95 times the shares that were being offered. This helped the central government to raise ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Initial public offering • LIC • Life Insurance Corporation of India • Shares • Stock • Stock exchange
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 also intends to reduce its stake in LIC through an Initial Public Offering (IPO). Overview: ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Department for Promotion of Industry and Internal Trade • FEMA • Foreign Exchange Management Act • Initial public offering (IPO) • LIC • Life Insurance Corporation of India • Securities and Exchange Board of India (SEBI)
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 ..
Month: Current Affairs - July, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Initial Public Offer (IPO) • LIC Act 1956 • LIC’s top management • Life Insurance Corporation of India • SEBI
SEBI Reconstitutes Takeover Panel
Security and Exchange Board of India (SEBI) has reconstituted its Takeover Panel. About Takeover Panel The takeover panel looks into application that seeks exemption from mandatory open offer which as acquirer needs to make to minority shareholders. N Venkatram MD and CEO of Deloitte India has been appointed as the new member of Takeover Panel. ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Function of takeover panel • Life Insurance Corporation of India • Members of takeover panel • Security and Exchange Board of India • Takeover Panel
Government Informs LIC is not being Privatized
The Central Government has informed the Lok Sabha on March 15, 2021 that, the Life Insurance Corporation of India (LIC) is not being privatized. Highlights This information was provided by the government in a reply to a supplementary question during the Question Hour in Lok Sabha. The Minister of State for Finance, Anurag Thakur, also ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Initial public offering (IPO) • Life Insurance Corporation • Life Insurance Corporation of India • Privatization • question hour
Life Insurance Council: “Force Majeure” does not apply for COVID-19 cases
On April 6, 2020, the Life Insurance council announced that the “Force Majeure” clause will apply to COVID-19 deaths. Apart from the council, Kolkata Port Trust has also invoked force majeure. What is force Majeure? Force Majeure clause was introduced for unforeseen circumstances. This includes natural disasters, accidents, epidemics, pandemics. Legislation Force Majeure is a ..
Month: Current Affairs - April, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: 1972 • Contract Theory • COVID-19 • force majeure • Indian Contract Act • Life Insurance Corporation of India • Natural Disasters