Government may change FDI policy for the success of LIC IPO

The present policy of FDI for the insurance sector will not help in the process of disinvestment of Life Insurance Corporation. In such a situation, preparations are being made to change the FDI policy.

The current limit of FDI for the insurance sector is 74 percent.

LIC IPO News: The preparations for Life Insurance Corporation’s mega IPO are going on in full swing. The government can change the policy of FDI to woo foreign investors. In any case, the government wants to bring LIC IPO in this quarter. DPIIT Secretary Anurag Jain said that the limit of FDI (Foreign Director Investment) in the insurance sector is 74 percent, although this limit does not apply for Life Insurance Corporation.

According to a report published in the Times of India, Jain said that the current policy of FDI for the insurance sector will not help in the process of disinvestment of Life Insurance Corporation. In such a situation, changes will have to be made in the foreign direct investment policy. Changes in policies will have to be made soon because LIC’s IPO is dependent on it.

two important meetings

Talks are going on with the Department of Financial System (DFS) and the government’s disinvestment department, DIPAM, regarding changes in FDI rules. Two important meetings have been held on this issue, after which mutual consent of DPIIT, DFS, DIPAM has also been reached.

Draft is being prepared for necessary changes in FDI

At present, a draft is being prepared regarding the necessary changes in FDI rules. Once the draft is ready, it will be presented to the cabinet for approval. The focus of the government has been that the process of doing business in India should be as easy as possible. In such a situation, the government is emphasizing on easing those rules and regulations, so that there is no problem in LIC IPO. It is believed that by the end of January, all the regulatory works will be completed.

This news is being written right now…

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