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LIC, GIC; Dividends to the Center soared

New Delhi
Big enhance in dividends paid by the Life Insurance Company and the General Insurance Company to the Central Authorities. The dividend paid by LIC and GIC has doubled and fivefold in 10 years respectively. LIC paid Rs 1138 crore as dividend to the Middle in 2010-11, which elevated to Rs 2699.73 crore in 2019-20. GIC paid a dividend of Rs 206.40 crore in 2010-11 and jumped to Rs 1015.87 crore in 2018-19. Within the Rajya Sabha, V Sivadasan MP was knowledgeable about this by Finance Minister Bhagwant Karat. Sivadasan demanded that the federal government again down from its determination to unload corporations that had invested a lot within the public treasury.

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