The finance minister also mentioned that an initial public offering (IPO) will be made for that.
In this year's Union Budget, the government announced the decision to sell its shares in the public sector Life Insurance Corporation of India (LIC). The finance minister also mentioned that an initial public offering (IPO) will be made for that. However, the government has not yet disclosed the percentage of shares that would be sold off. Vice president of the All India Insurance Working Employees Association, Anil Kumar Bhatnagar. talks about why it is wrong to offer LIC to the market.