LIC to invest INR 1.5 lakh crore in Indian Railways

Q.  Name the organisation that will invest Rs 1.5 Lakh Crore in Indian Railways over next 5 years for development of various commercially viable projects?
- Published on 28 Mar 15

a. NABARD
b. State Bank of India
c. Punjab MetLife
d. Life Insurance Corporation of India

ANSWER: Life Insurance Corporation of India
 
LIC has taken the task of supporting Indian Railways and it is a commercial decision. The investment would be done in bonds issued by various railway entities such as Indian Railways Finance Corporation, beginning next fiscal. A MoU was signed in this regard in the presence of Finance Minister Arun Jaitley and Railway Minister Suresh Prabhu.

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