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Centre’s move to divest stake in LIC opposed Updated: Updated: ‘It is detrimental to the country’s economic self-reliance’ Share Article ‘It is detrimental to the country’s economic self-reliance’ South Central Zone Insurance Employees’ Federation (SCZIEF) president K. Venugopal Rao has expressed concern over the Central government’s resolve to withdraw its stake in the Life Insurance Corporation of India (LIC) and the proposal to increase foreign direct investment (FDI) in the sector by 74%. Addressing the media here on Friday, Mr. Venugopala Rao said the hiring of consultants to assist the Department of Investment and Public Asset Management in making the Initial Public Offer in LIC and the under-valuation of its actual value were highly objectionable.

K venugopal raoG kishore kumarJ madhusudana raoVenugopala raoDepartment of investmentCentral zone insurance employee federationLife insurance corporation of indiaSouth central zone insurance employee federationLife insurance corporationPublic asset managementInitial public offerCentrals move to withdraw its stakeForeign direct investmentSouth central zone insurance employees federationகே வேணுகோபால் ராவ்க் கிஷோர் குமார்