LIC-IDBI Bank disinvestment bad economics: RSS-affiliate BMS to government
Updated : February 02, 2020 01:42 PM IST
Union finance minister Nirmala Sitharaman said on Saturday the government would reduce stake in the life insurer LIC through IPO.
To be listed in the FY21, starting April, it could be the country's biggest IPO in recent times.
In FY20, the disinvestment accrued only about Rs 18,000 crore to the government.