Life Insurance Corporation of India Current Affairs, GK & News
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
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
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
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
Topics: 1972 • Contract Theory • COVID-19 • force majeure • Indian Contract Act • Life Insurance Corporation of India • Natural Disasters
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 citizens. Finance Ministry notified that an individual eligible for receiving benefit under PMVVY scheme shall now be required to furnish proof of possession of Aadhaar number or ..
Month: Current Affairs - December, 2019
Category: Government Schemes Current Affairs
Topics: Aadhaar • Aadhaar Act • Finance Ministry • LIC • Life Insurance Corporation of India • PMVVY • Pradhan Mantri Vaya Vandana Yojana