The Economic Survey of India, 1997

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Current Portfolio Restrictions: LIC
[TABLE 4.7]

 

 

Investments in:

(per cent)

(a)

Central Government marketable securities being not less than

20

(b)

Loans to National Housing Bank including (a) above being not less than

25

(c)

State Govt. Securities including government guaranteed marketable securities, inclusive of (b) above being not less than

50

(d)

Socially oriented sectors including public sector, co-operative sector house building by policy holders, own your home schemes, inclusive of (c) above not less than1

75

The remaining 25 per cent may be used for investment in the private corporate sector, loans to policy holders for construction and acquisition of immovable property under the guidance of investment committee.

 

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The Economic Survey Of India, 1997

Document released by the Ministry of Finance, Government of India, on 25th February, 1997.
Made available on the Web on the same day, by MediaWeb India, on
The Indian Economy Overview (http://www.m-web.com).

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