कोशिश गोल्ड - मुक्त
LIC dismisses USTR's report of insurer enjoying unfair competitive advantage
NF Times
|Apr 05, 2025
NEW DELHI (RNS, 04-04-25): Life Insurance Corporation of India (LIC) on Friday said it has been operating in a competitive market for 25 years and has not received any special treatment from the government, as rejected US Trade Representative's report.
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"We firmly believe the USTR's views are based on an incomplete understanding of Indian insurance regulation and LIC's functioning," the insurance firm said in a statement.
For the past 25 years, LIC has operated in a fully competitive market alongside 24 private life insurance companies, the statement said, adding, it is regulated by IRDAI and SEBI and receives no special treatment from the government or any regulatory authority.
Ahead of the Donald Trump administration's reciprocal tariff move on Wednesday, the US Trade Representative (USTR) in a report had said India maintains "high" import duties on a wide range of American goods such as agricultural items, drug formulations, and alcoholic beverages, besides imposing non-tariff barriers.
यह कहानी NF Times के Apr 05, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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