Source: m.economictimes.com
2017-18
By IANS |
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MUMBAI: LIC Chairman V.K. Sharma on Friday handed over a cheque of Rs 2,430 crore as dividend for financial year 2017-18 to Finance Minister Arun Jaitley.
Speaking to reporters here after meeting the Finance Minister, Sharma said that state-owned Life Insurance Corporation (LIC) recorded a surplus of Rs 48,444 crore during the the last fiscal 2017-18.
He said that LIC would also infuse Rs 15,000-20,000 crore into the loss-making IDBI Bank struggling with accumulated bad loans.
LIC received cabinet approval earlier this year to buy 51 per cent stake in state-run IDBI, which will make the government a minority shareholder in the bank.
Speaking to reporters here after meeting the Finance Minister, Sharma said that state-owned Life Insurance Corporation (LIC) recorded a surplus of Rs 48,444 crore during the the last fiscal 2017-18.
He said that LIC would also infuse Rs 15,000-20,000 crore into the loss-making IDBI Bank struggling with accumulated bad loans.
LIC received cabinet approval earlier this year to buy 51 per cent stake in state-run IDBI, which will make the government a minority shareholder in the bank.
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IN THE LIGHT OF THE ABOVE-MENTIONED REPORT, OUR HUMBLE REQUEST TO LIC:
KINDLY REVEAL THE STATISTICS PERTAINING TO THE WAGE REVISION ARREARS DUE TO THE RESIGNING EMPLOYEES, SINCE 1997; ILLEGALLY REPUDIATED BY YOU!
WHY CAN'T YOU PLAY FAIR AND HONOUR YOUR COMMITMENT TOWARDS US TOO, BY GIVING US OUR DUES?
SURELY, YOUR SURPLUS OF Rs. 48,444 CRORES WOULD BE MORE THAN ENOUGH TO DO SO!
THANKS IN ANTICIPATION.
RESIGNING EX-EMPLOYEES
