No direction to LIC on Adani investments; all decisions based on SOPs, Govt tells Lok Sabha
Finance Minister Nirmala Sitharaman on Monday clarified that the Finance Ministry does not issue any directives to the Life Insurance Corporation of India (LIC) regarding its investment decisions. She affirmed that the state-owned insurer’s exposure to the Adani Group was made strictly in accordance with its board-approved standard operating procedures.
LIC,