CPSE disinvestment- Valuation approach flawed, Imprudent to ignore R&D effort in CPSEs at the cost of self-reliance

To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I refer to my letter dated January 15, 2022 on the imprudence of listing LIC in the stock market and the misleading valuation approach adopted by the government (https://www.moneylife.in/article/lic-ipo-gross-underestimated-valuation…). As the single largest social security provider in the country for the economically weaker sections, the social value of the LIC[Read More...]