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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 Aff...