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<h1>Finance Minister Announces Air India Ownership Transfer, Strategic Partner for Neelanchal Ispat, and Upcoming LIC Public Issue.</h1> The Union Minister for Finance and Corporate Affairs announced the completion of Air India's ownership transfer and the selection of a strategic partner for Neelanchal Ispat Nigam Limited. The public issue of LIC is anticipated soon. The National Bank for Financing Infrastructure and Development and the National Asset Reconstruction Company have begun operations. A new Centre for Processing Accelerated Corporate Exit will be established to expedite company wind-ups. Amendments to the Insolvency and Bankruptcy Code are planned to improve the resolution process and address cross-border insolvency issues.