The budget presented by Finance Minister Nirmala Sitharaman on Saturday has proposed to construct a medical college in every district, besides taking up other infrastructure developmental projects, he said.
To a query on the fate of policy-holders, he said all of them will get every benefit assured in their policies as there is no connection between the disinvestment initiative and policies.
"Moreover, the central government will sell only 5 to 10 per cent of its holding in LIC," Sinha said.
Currently, the government owns the entire 100 per cent stake in the LIC.Sinha praised Sitharaman saying she addressed the economic situation, fiscal deficit and macro-economics very well.
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