LIC money: Is it for publics’ benefit, or Rahul’s election?

Discussion in 'Politics & Society' started by sehwag1830, May 16, 2012.

  1. sehwag1830

    sehwag1830 Tihar Jail Banned

    Joined:
    Dec 23, 2011
    Messages:
    495
    Likes Received:
    275
  2.  
  3. sob

    sob Moderator Moderator

    Joined:
    May 4, 2009
    Messages:
    6,359
    Likes Received:
    3,665
    Location:
    New Delhi
    In line with the downgrading of India's sovereign ratings, the ratings of LIC also has been downgraded because of their overwhelming exposure in Govt. stocks and bonds.

    Again if we recall the Govt. used LIC to bail out the ONGC issue, which had not takers. To clean up the Govt's financials before the budget LIC was forced to incurr Crores of Rs. Loss.
     
  4. Ray

    Ray The Chairman Defence Professionals Moderator

    Joined:
    Apr 17, 2009
    Messages:
    43,117
    Likes Received:
    23,545
    Location:
    Somewhere
    LIC going bankrupt?

    Sad.

    Must allow PSUs to operate in a commercially viable manner.
     

Share This Page