LIC has enabling provisions to invest in banks like HDFC Bank. Their equity investment is about 20-25% of total AUM, and they have a balanced approach to ensure sustainability. LIC is monitoring the market and taking a mixed strategy. Non par products are giving good returns and are getting traction in the market.
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The Central Board of Direct Taxes (CBDT) has explicitly stated that donations to the Shri Ram Janmabhoomi Teerth Kshetra are eligible for this tax benefit.