LIC IPO Archives - Centre for Financial Accountability

PIL against LIC IPO; the beginning of a significant battle for people’s welfare

Supreme Court’s admission of PIL against LIC IPO is going to be the beginning of a significant battle for people’s...

LIC IPO is a scandal, SEBI, IRDAI and the Supreme Court must intervene!

The Life Insurance Corporation of India’s (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of t...

General Random Reflections

Video

LIC को क्यूँ बेचा जा रहा है? | हमारा पैसा हमारा हिसाब

हमारा पैसा हमारा हिसाब क्या है LIC आईपीओ के पीछे की कहानी? 5% शेयर की बिक्री बस एक शुरुआत है । अपने कॉर्पोरेट दोस्तों के...

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How to kill LIC -story behind IPO | The Money Trail

𝐌𝐨𝐧𝐞𝐲 𝐓𝐫𝐚𝐢𝐥 𝑭𝒐𝒓𝒕𝒏𝒊𝒈𝒉𝒕𝒍𝒚 𝒗𝒊𝒅𝒆𝒐 𝒎𝒂𝒈𝒂𝒛𝒊𝒏𝒆 𝒐𝒏 𝑬𝒄𝒐𝒏𝒐𝒎𝒚 𝒂𝒏𝒅 𝑭𝒊𝒏𝒂𝒏𝒄𝒆 If a PSU is in loss, sell it; if it is earning profit, sti...

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Article

Who stands to gain if LIC bleeds?

In her last budget speech in 2021, the Finance Minister declared the government’s disinvestment plans for the Life...

Finance General Indian Economy

Article

Selling the Golden Goose for a Pittance – Does our FM know what LIC is?

LIC office, Bangalore. Photo courtesy: PL Tandon/Flickr In spite of strong opposition from all sections of the society, ...

General Random Reflections

Video

Glimpses of Public Support to the General Strike

All over the country, people came out in support of the general strike on March 15,16,17 & 18. With thanks to The Re...

Videos

Article

Beyond the Frenzy Sale of PSUs!

The government wants to sell the Life Insurance Corporation of India (LIC), which is worth about Rs 34 trillion (USD45 ...

General Indian Economy

Article

LIC IPO – Killing The Golden Goose

Life insurance forms a vibrant part of the financial sector and plays a vital role in the national economy. It mobil...

General National Financial Institutions

May 16, 2022

Thomas Franco

PIL against LIC IPO; the beginning of a significant battle for people’s welfare

Supreme Court’s admission of PIL against LIC IPO is going to be the beginning of a significant battle for people’s welfare. On 12th May 2022, the bench headed by Honourable Justice D.Y. Chandrachud, Honourable Justice Suryakant, and Honourable Justice P.S. Narasimha admitted WP (C) No.366/2022...

General Random Reflections

Article

May 5, 2022

Thomas Franco

LIC IPO is a scandal, SEBI, IRDAI and the Supreme Court must intervene!

The Life Insurance Corporation of India’s (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of the Red Herring Prospectus(RHP) some details have emerged. From the initial proposal of 5% sale of shares to fetch around Rs.75000 crore the sale is down to 3.5% to get around Rs.21...

General Random Reflections

Article

March 11, 2026

CFA Admin

LIC को क्यूँ बेचा जा रहा है? | हमारा पैसा हमारा हिसाब

हमारा पैसा हमारा हिसाब क्या है LIC आईपीओ के पीछे की कहानी? 5% शेयर की बिक्री बस एक शुरुआत है । अपने कॉर्पोरेट दोस्तों के लिए सब कुछ दाँव पर लगा देने वाली सरकार क्या 5% पर रुकेगी? अब तक LIC के पैसे से ही देश की बड़ी-बड़ी आधारभूत परियोजनाओं को फंडिंग दी जाती रही है और डूबते हुए बैंकों और कंपनियों को बचा...

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March 11, 2026

CFA Admin

How to kill LIC -story behind IPO | The Money Trail

𝐌𝐨𝐧𝐞𝐲 𝐓𝐫𝐚𝐢𝐥 𝑭𝒐𝒓𝒕𝒏𝒊𝒈𝒉𝒕𝒍𝒚 𝒗𝒊𝒅𝒆𝒐 𝒎𝒂𝒈𝒂𝒛𝒊𝒏𝒆 𝒐𝒏 𝑬𝒄𝒐𝒏𝒐𝒎𝒚 𝒂𝒏𝒅 𝑭𝒊𝒏𝒂𝒏𝒄𝒆 If a PSU is in loss, sell it; if it is earning profit, still sell it. Thus LIC, the life insurance behemoth, is going down the hammer. The sale of 5% shares is just a beginning. The game plan to kill LIC is all worked out. Meanwhile, Ind...

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January 27, 2022

Anirban Bhattacharya

Who stands to gain if LIC bleeds?

In her last budget speech in 2021, the Finance Minister declared the government’s disinvestment plans for the Life Insurance Corporation of India (LIC). Already, amendments to the LIC Act have been made to set in motion the LIC IPO. This has triggered panic waves across the large sections of o...

Finance General Indian Economy

Article

January 15, 2022

Thomas Franco

Selling the Golden Goose for a Pittance – Does our FM know what LIC is?

LIC office, Bangalore. Photo courtesy: PL Tandon/Flickr In spite of strong opposition from all sections of the society, the Finance Minister has recently asked her Ministries to speed up LIC Initial Public Offer (IPO). Does she realise that this can lead to collapse of the economy over a period of t...

General Random Reflections

Article

March 11, 2026

CFA Admin

Glimpses of Public Support to the General Strike

All over the country, people came out in support of the general strike on March 15,16,17 & 18. With thanks to The Research Collective, Delhi, Sneha, Nagapatinam, TN, Defeat Fascist BJP Campaign, TN, Shahri Kamgar Union, Delhi Watch the video here: ...

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April 29, 2021

Edwin

Beyond the Frenzy Sale of PSUs!

The government wants to sell the Life Insurance Corporation of India (LIC), which is worth about Rs 34 trillion (USD45 billion). The stage has been set with increasing foreign direct investment (FDI) in insurance to 74%, followed by Initial Public Offer (IPO) this year. This is ostensibly to enhanc...

General Indian Economy

Article

April 26, 2021

CFA Admin

LIC IPO – Killing The Golden Goose

Life insurance forms a vibrant part of the financial sector and plays a vital role in the national economy. It mobilizes small savings of the people, converts it into Capital, and makes this Capital available for our nation’s development. It sells a promise, not a product. When the business is s...

General National Financial Institutions

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LIC IPO

PIL against LIC IPO; the beginning of a significant battle for people’s welfare

LIC IPO is a scandal, SEBI, IRDAI and the Supreme Court must intervene!

LIC को क्यूँ बेचा जा रहा है? | हमारा पैसा हमारा हिसाब

How to kill LIC -story behind IPO | The Money Trail

Who stands to gain if LIC bleeds?

Selling the Golden Goose for a Pittance – Does our FM know what LIC is?

Glimpses of Public Support to the General Strike

Beyond the Frenzy Sale of PSUs!

LIC IPO – Killing The Golden Goose

PIL against LIC IPO; the beginning of a significant battle for people’s welfare

LIC IPO is a scandal, SEBI, IRDAI and the Supreme Court must intervene!

LIC को क्यूँ बेचा जा रहा है? | हमारा पैसा हमारा हिसाब

How to kill LIC -story behind IPO | The Money Trail

Who stands to gain if LIC bleeds?

Selling the Golden Goose for a Pittance – Does our FM know what LIC is?

Glimpses of Public Support to the General Strike

Beyond the Frenzy Sale of PSUs!

LIC IPO – Killing The Golden Goose