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The Cabinet Committee for Economic Affairs has approved part divestment of the government stake in Life Insurance Corporation of India (LIC) through an initial public offering. Liquidity in the banking system has increased by at least Rs 1 trillion since the last week of June as the government has stepped up spending, and the Reserve Bank of India has started winding down its outstanding position in the currency forward segment. Business Standard brings to you top headlines on Tuesday. LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel The Cabinet Committee for Economic Affairs has approved part divestment of the government stake in Life Insurance Corporation of India (LIC) through an initial public offering. The size of the IPO and the extent of the government’s stake dilution in the country’s largest insurer would be taken up by the Alternative Mechanism comprising Finance Minister Nirmala Sitharaman and Minister of Road, Transport and Highways Nitin Gadkar

Nirmala sitharamanNitin gadkariDharmendra praLife insurance corporation of indiaCabinet committee for economic affairsCabinet committeeEconomic affairsLife insurance corporationReserve bankAlternative mechanismFinance minister nirmala sitharamanHighways nitin gadkariநிடின் கட்காரிவாழ்க்கை காப்பீடு நிறுவனம் ஆஃப் இந்தியாமந்திரி சபை குழு க்கு பொருளாதார வாழ்க்கைத்தொழில்கள்மந்திரி சபை குழு