Top headlines: Nominal GDP growth, Omicron cases, LIC IPO, and more

The Union Budget for FY23 is likely to assume 13-14% nominal GDP growth despite the growing inflationary concerns

Budget 2022-23: Govt likely to target 13-14% nominal growth in FY23 

The Union Budget for FY23 is likely to assume 13-14 per cent nominal GDP growth despite the growing inflationary concerns. According to finance ministry officials, the assumption of even faster nominal GDP growth may raise inflationary expectations, giving wrong signals to the market. Read more 

LIC IPO: Search for anchor investors begins, govt may seek higher valuation 

Merchant bankers appointed by the Union government have been asked to draw up a list of large investors that may act as anchor investors in the initial public offering (IPO)