LIC should run the IDBI bank and not some fortune seekers

In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers.

Read more July 11, 2022 at 7:10 pm Thomas Franco

Roadshows in the US to sell IDBI Bank! Why not allow LIC to own it?

“Banking is a very good business if you don't do anything dumb,” goes an anonymous quote.

Read more July 5, 2022 at 10:19 am Thomas Franco

PIL against LIC IPO; the beginning of a significant battle for people’s welfare

On 12th May 2022, the bench headed by Honourable Justice D.Y. Chandrachud, Honourable Justice Suryakant, and Honourable Justice P.S. Narasimha admitted WP ( C ) No.366/2022 filed by advocate S. Prasanna and argued by...

Read more May 16, 2022 at 2:26 pm Thomas Franco

LIC IPO is a scandal, SEBI, IRDAI and the Supreme Court must intervene!

The Life Insurance Corporation of India’s (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of the Red Herring Prospectus(RHP) some details have emerged.

Read more May 5, 2022 at 11:11 am Thomas Franco

LIC को क्यूँ बेचा जा रहा है? | हमारा पैसा हमारा हिसाब

क्या है LIC आईपीओ के पीछे की कहानी? 5% शेयर की बिक्री बस एक शुरुआत है । अपने कॉर्पोरेट दोस्तों के लिए सब कुछ दाँव पर लगा देने वाली सरकार क्या 5% पर रुकेगी?...

Read more February 22, 2022 at 12:32 pm CFA

How to kill LIC -story behind IPO | The Money Trail

If a PSU is in loss, sell it; if it is earning profit, still sell it. Thus LIC, the life insurance behemoth, is going down the hammer. The sale of 5% shares is just...

Read more February 21, 2022 at 12:29 pm CFA

GoI selling PSUs to ‘dubious’ investors amidst rising inequality, unemployment

In its reckless privatisation drive, the Government of India (GoI) is selling the Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, a Non-Banking Financial Corporation (NBFC) with a dubious record, owned by a...

Read more February 9, 2022 at 6:05 pm Ashish Kajla

Govt continues its reckless selling of PSUs amidst rising inequality & unemployment

In its reckless privatisation drive, the union government is selling Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, an NBFC with a dubious record, owned by a furniture company, with less...

Read more January 28, 2022 at 12:03 pm Ashish Kajla

Selling the Golden Goose for a Pittance – Does our FM know what LIC is?

In spite of strong opposition from all sections of the society, the Finance Minister has recently asked her Ministries to speed up LIC Initial Public Offer (IPO).

Read more January 15, 2022 at 2:34 pm Thomas Franco

SBI- A Guinea Pig for Neo-liberal Policies

The union government is bent upon privatising the Life Insurance Corporation of India. They stealthily announced an amendment to the LIC Act by making a statement in the Union Budget 2021 and made it...

Read more October 11, 2021 at 5:52 pm Thomas Franco

Why Sell the Public Sector? Pandey ji, please explain.

Tuhin Kanta Pandey, Secretary, Dept of Investment and Public Asset Management was addressing Industrialists in the meeting ‘CII National Conclave’ and stated that disinvestment is back on track now. He is supposed to invest...

Read more August 13, 2021 at 4:25 pm Thomas Franco

Random Reflections: Selling the Mangalsutra- LIC Listing

The present government is on a selling spree. Cartoonists have crafted some promising cartoons showing the Finance Minister of the country selling BSNL, Air India, BHEL etc. like a vegetable vendor. The government appears...

Read more February 13, 2020 at 12:52 pm Thomas Franco

किताब: भारत में आर्थिक तबाही

पिछले साढ़े चार वर्षों में, देश एक बड़ी सामाजिक-राजनीतिक और आर्थिक उथल-पुथल से गुजरा है जैसा पहले कभी नहीं था। हाल के इतिहास में कभी भी एक साथ देश के इतने बड़े समूह को...

Read more April 25, 2019 at 11:12 am Thomas Franco

Indian Economy In Deep Troubles: Stock-taking of the Previous Financial Year

The Financial Year 2018-19, which recently ended, proved to be the most challenging year for the financial world. The first and foremost challenge was the introduction of the Financial Regulatory and Deposit Insurance Bill...

Read more April 5, 2019 at 7:06 pm Devidas Tuljapurakar

Book: Rubbles of an Economic Earthquake

In the past four and a half years, the country has gone through a major socio-political and economic upheaval as never before. At no point in the recent history has the country as a...

Read more January 11, 2019 at 2:36 pm Thomas Franco

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