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The government had appointed Subramanian, an ISB Hyderabad professor, as the CEA in December 2018. He had succeeded Arvind Subramanian, who quit the position close to a year ahead of his extended tenure.
The deal will help HDFC Life, the country's largest private-sector insurer, strengthen its foothold in south India.
The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise Rs 800 billion-900 billion from its stake sale.
Mobile phone-based digital voucher meant for specific purpose payment
The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors - a vast majority of them first-timers - coupled with a flood of liquidity.
The national helpline and reporting platform provide a mechanism for persons cheated in cyber frauds to report such cases to prevent loss of their hard-earned money, a ministry statement said.
When a devastating second wave of the pandemic peaked in India during April and May, the numbers of people aged between 25 and 35 buying term insurance was 30% higher than in the previous three months combined.
Indian shares hit record highs on Friday, boosted by financials and energy stocks, as more states lifted pandemic restrictions and US inflation data allayed investors' worries.
The NSE Nifty 50 index was down 0.66% at 14,770.40 by 0400 GMT, while the S&P BSE Sensex was 0.77% lower at 49,642.46.
The three-day public issue would conclude on March 18 and the bidding for anchor investors would open on March 15.