LIC IPO: The Government of India on Saturday termed the reports published on the basis of the IPO proposal of LIC (Life Insurance Corporation of India) as ‘fictitious’, which said that the deaths due to corona in the year 2021 are comparable to the officially recorded deaths. There can be many more. In the year 2021, during the months of April and May, India faced a formidable second wave of Corona.
The Union Health Ministry on Saturday said that India has a very transparent and efficient system of reporting deaths due to coronavirus, from the gram panchayat level to the district and state levels. The ministry said the process of reporting deaths is monitored and done in a transparent manner.
The statement said that on the basis of LIC’s IPO proposal, some media reports are being fabricated and and biased interpretation of data related to LIC’s policy and claims that the actual number of deaths related to corona is officially recorded. deaths may be higher than “It is clarified that these reports are fictitious and baseless,” the statement said.
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The truth of the figures told by the government
LIC in its IPO proposal has given the claim settlement data related to the death of policyholders due to all kinds of reasons. However, in media reports, it is being wrongly described as only death due to COVID. “Such misinterpretation is not based on facts and reflects the bias of those who wrote these reports,” the statement said.
The ministry said in the statement that these reports suggest that the author does not even understand that since the beginning of the epidemic in India, the deaths due to corona have been publicly published on a daily basis. The government has adopted the globally recognized method for recording the deaths due to COVID separately and this has been done in a transparent manner.
1 crore retail investors can participate in LIC IPO
Preparations for LIC’s Initial Public Offer (IPO) are in full swing. This will be the biggest IPO of the country till date. LIC estimates that around 1 crore retail investors, including its policyholders and employees, may participate in its IPO. LIC is estimated to raise about 25 thousand crore rupees from these investors. At the same time, the total IPO is estimated to be between Rs 60 to 70 thousand crores.
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