D.K. Mehrotra, Current-in-charge Chairman of the Life Insurance Corporation (LIC) of India, handed over a cheque for Rs 11,37,99,41,904 to Pranab Mukherjee, Union Finance Minister, in New Delhi.
D.K. Mittal, Secretary, Department of Financial services and Nilesh Sathe, Zonal Manager, LIC North Zone, were also present on the occasion. The amount is the dividend paid by LIC to the Union Government for the year 2010-11.
Source : TOI, Dt 16 March 2012