Sitharaman made a big statement on LIC IPO
Sitharaman made a big statement on LIC IPO

As a result of continuing volatility on the stock market and Russia-Ukraine tension, the government Life Insurance Corporation of India (LIC) is bringing an IPO. The government will not make any modifications to its IPO plan, according to Nirmala Sitharaman.

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Ms. Sitharaman pointed out that the LIC IPO is receiving a lot of market enthusiasm and we will proceed. Moreover, the global situation has an impact on the market as well. However, given the current volatility, is it possible to postpone the IPO date? As the Finance Minister stated, investors are eagerly awaiting this and we are ready to take advantage of this.

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Refuses to speak about NSE scam

In a press conference, asked about the controversies surrounding former NSE MD & CEO Chitra Ramakrishna, he said that the investigation will be handled by the market regulator SEBI, and when they do not have complete details, she cannot comment.

GST compensation was also a concern for the states

When it comes to states’ demands for more money to make up for GST collections being short, Sitharaman explained that there is no difference. To compensate for the decline in 2020, the states have been given separate loans in order to compensate for the GST Council’s decision. Furthermore, the period of recovery is done in the form of cess was also extended.

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