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Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the report given below and answer the question that follow:NEW DELHI: Finance Minister Nirmala Sitharaman on Monday announced plans to sell a stake in LIC as part of her disinvestment plans for F/Y 22. In her Budget speech, the FM said her government will complete divestment of BPCL, CONCOR and SCI in F/Y 22. She said that her government will privatise two public sector banks (PSBs) and one general insurance company as well. “LIC IPO may see the light of day soon,” said Jiger Saiya, Partner and Leader - Tax & Regulatory Services at BDO India.Earlier, in an interview with ET, LIC Chairman M R Kumar had said the IPO is very much likely. “The point is that it is going to be big and we want to get the valuations right,” he had said, adding that the listing of an insurance company requires determining the embedded value of the business.LIC has started the process and would soon announce the software, which will assist it determine the right valuation. “We have floated an RFP for the actuarial firm that will undertake the exercise. This calculation will take some time. Once this process is done, we will be ready,” Kumar said on January 11.Last week, a Reuters report quoting sources suggested that the government was looking to sell 10-15 per cent in the country’s biggest insurer to improve public finances.To facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.As part of its divestment drive, four CPSEs – HAL, SAIL, Bharat Dynamics and IRCTC –have come out with offers for sale (OFSs) this financial year. They garnered ₹12,907 crore to the exchequer. In addition, IPOs of IRFC and Mazagon Dock Shipbuilders together fetched ₹1,984 crore.Also, this year, the government sold shares worth about ₹1,837 crore in private companies, in which it holds stakes through SUUTI.Four state-owned companies, NTPC, RITES, NMDC and KIOCL, completed share buybacks, adding ₹2,769 crore to the exchequer.The government is also looking to sell its entire 26.12 per cent stake in Tata Communications (TCL), erstwhile VSNL, through an OFS and strategic sale this financial year. The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Limited and Ferro Scrap Nigam Limited (FSNL) is currently underway.Q. According to Reuters, why is the government looking to sell the country's insurer?a)To reduce revenue deficitb)To reduce fiscal deficitc)To improve public financesd)To get money other than taxes.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.