” There might be legal difficulties to cross … such as the requirement for possible amendments to the LIC Act. 1956″.

The government is yet to take a contact the quantum of its stake to be offloaded from the Life Insurance Corporation of India (LIC), whose stock exchange listing was announced by Finance Minister Nirmala Sitharaman in the Spending Plan

Financial sector disinvestment is anticipated to yield around90,000 crore of the government’s ambitious target to raise 2.1 lakh crore from PSU privatisation and stake sales, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey told The Hindu on Sunday.

The90,000- crore target factors