'Won't Allow Govt to Loot LIC, a National Asset'
The Initial Public Offering (IPO) will help private players to have a stake in LIC.
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In her Budget speech for the financial year 2020-21 on February 1, Finance Minister Nirmala Sitharaman announced that the Life Insurance Corporation of India (LIC) will be listed on the share market soon. The Initial Public Offering (IPO) will help private players to have a stake in LIC. As a result, the Centre will lose control of an entity with public money entrusted with it. A majority of LIC employees are against the move by the Narendra Modi-led BJP Government.

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