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LIC's brand value also climbed in overall global brand rankings by 32 places to become the world's 206th most valuable brand in 2021, from 238th slot in 2020.
Finance Minister Nirmala Sitharaman has already reviewed the progress of the proposed IPO of Life Insurance Corporation (LIC) in a meeting with top officials of the ministry.
Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) took to Twitter stating that the media conjectures "doubting the feasibility" of the state insurer this fiscal year "is not correct."
LIC's IPO requires vetting not only by SEBI (Securities and Exchange Board of India) but also the IRDAI (Insurance Regulatory and Development Authority of India that doesn't have a head for almost seven months.