
LIC gets board nod to set up branch in GIFT City
The Hindu
LIC approves proposal to open branch in GIFT City, Gujarat; to provide financial services to customers.
The Life Insurance Corporation of India (LIC) board has approved the insurance major’s proposal for establishing a branch in International Financial Services Centre, GIFT City in Gandhinagar, Gujarat.
“We wish to inform you that the board of directors of the Corporation December 26 approved the proposal to setup a branch office at International Financial Services Centre...” LIC said in a filing on Tuesday.

The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.












