LIC has a ₹6,028 cr problem on its booksNews India (All States)

Mark-to-market rules require companies to use the market values of financial assets, including bonds and stocks, they own and make appropriate entries in their income statements as prices fluctuate, even if they have no immediate plans to sell the assets

source https://www.livemint.com/news/india/lic-has-a-6-028-cr-problem-on-its-books-11651171142202.html