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    Proceeds from LIC IPO can come in handy for government to rein in inflation

    Stake sale in LIC can help government to limit tax revenue loss if it decides to lower excise duties to keep a check on runaway fuel price rise

    Neha Dave
    Nitin Sharma
    February 24, 2022 / 11:55 AM IST
    Proceeds from LIC IPO can come in handy for government to rein in inflation

    LIC IPO (Representational image)

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    The price of Brent crude oil has touched $100 per barrel amid Russia-Ukraine conflict. The last time crude oil prices touched $100 after a long gap was on February 1, 2011, following which petrol & diesel prices jumped 10-15 percent over the next few months. But this time around, the benchmark Brent crude price has already moved 20 percent, while retail fuel prices have remained broadly unchanged since November’21. With the towering import costs, it is imperative that some of it gets passed...

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