NEW DELHI, Aug 11 (Reuters) – The Indian authorities expects to record state-owned Life Insurance coverage Corp (LIC) by the tip of the present fiscal 12 months, and gather 500 billion rupees ($6.72 billion) as dividends from state-run corporations, a senior finance ministry official stated on Wednesday.
The federal government additionally expects to finish promoting state-owned refiner Bharat Petroleum Corp Ltd BPCL.NS and nationwide provider Air India within the present fiscal 12 months that runs by means of March 2022, stated Tuhin Kanta Pandey, secretary, division of funding and public asset administration.
LIC is the most important insurer within the nation and is wholly owned by the federal government.
($1 = 74.4225 Indian rupees)
(Reporting by Manoj Kumar and Aftab Ahmed; Enhancing by Muralikumar Anantharaman)
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