LIC investments
Finance Minister Confirms LIC's Adani Investments Follow Standard Procedures Without Ministry Interference
Dec 02, 2025 01:26 am CST
Finance Minister Nirmala Sitharaman has clarified that LIC's investments in Adani Group companies follow strict due diligence protocols without any direction from the Finance Ministry. The state-owned insurer's investment decisions are made independently according to established regulations, with comprehensive oversight mechanisms in place. LIC's exposure to Adani Group represents a small portion of its diverse Rs 41 lakh crore investment portfolio spanning 351 publicly listed companies.
Washington Post Faces Credibility Crisis in India Over Adani Group Reporting
Oct 27, 2025 02:27 pm CST
The Washington Post's reporting on India's economic growth and Adani Group faces intense scrutiny as Indians question its journalistic integrity. Following allegations of government-directed investments without verifiable evidence, the publication's history of retractions and corrections has eroded trust, with many viewing its coverage as geopolitically motivated rather than factual reporting about India's economic advancement.
Former LIC Chief Denies Government Influence on Adani Group Investments, Challenges Washington Post Claims
Oct 26, 2025 03:31 pm CST
Former LIC chairperson Siddhartha Mohanty has refuted The Washington Post's allegations about government influence on the insurer's Adani Group investments. Both Mohanty and LIC officially denied the claims, stating all investment decisions are made independently following thorough due diligence processes, without external interference from government bodies.