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The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended. (PTI Photo)

Govt amends FEMA rules to allow 20 pc FDI in LIC

The government is planning to dilute its stake in LIC through the Initial Public Offering

17 April 2022 6:52 PM GMT