‘A feature of their govts’: Sitharaman jabs Congress after SC ruling on Devas

Sitharaman jabs Congress after SC ruling on Devas

Nirmala Sitharaman, the Union Finance Minister, said on Tuesday that the Supreme Court’s order upholding Devas Multimedia’s liquidation is comprehensive, while accusing the previous Congress-led UPA government of entering into a “fraudulent” and “scandalous” deal with the company by allocating S-band spectrum used by the defence for “pittance.” In 2011, the Manmohan Singh government terminated … Read more

LIC IPO is expected to hit the market in March, with draught documents due to the Sebi by the end of January.

Sitharaman jabs Congress after SC ruling on Devas

According to an official, the government plans to launch the LIC big public offer in March and file draught papers with market regulator Sebi by the end of this month. In a meeting with top ministry officials last week, Finance Minister Nirmala Sitharaman assessed the development of the Life Insurance Corporation’s (LIC) initial public offering … Read more