FM Says Finance Ministry Does Not Advise LIC on Investments, Adani Investments as per SOPs - OrissaPOST

Finance Ministry does not issue any direction to LIC on investment of funds: FM Sitharaman

Finance Ministry does not issue any direction to LIC on investment of funds: FM Sitharaman New Delhi:  The Finance Ministry does not issue any advisory or direction to LIC in connection with matters related to the investment of the LIC funds, Finance Minister Nirmala Sitharaman told Parliament on Monday.   In a written reply to […] The post Finance Ministry does not issue any direction to LIC on investment of funds: FM Sitharaman appeared first …

FM says Finance Ministry does not advise LIC on investments, Adani investments as per SOPs - OrissaPOST

New Delhi: Finance Minister Nirmala Sitharaman Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India’s largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Follo…