And yet L.I.C of India doesn't pay arrears and dues to its resigning ex-employees!

 SOURCE: https://economictimes.indiatimes.com/markets/stocks/news/lics-rs-10-lakh-crore-portfolio-273-stocks-11-stars-but-only-1-superstar/articleshow/100089054.cms

LIC's Rs 10 lakh crore-portfolio: 273 stocks, 11 stars, but only 1 superstar!

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/lics-rs-10-lakh-crore-portfolio-273-stocks-11-stars-but-only-1-superstar/articleshow/100089054.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

By

Nikhil Agarwal ETMarkets.comLast Updated: May 09, 2023, 09:37 AM IST

Synopsis

Life Insurance Corporation of India (LIC) has 273 listed stocks in its portfolio worth INR 10tn ($133bn). Its largest holding is Reliance Industries, but its biggest returns so far this year have come from tobacco and consumer goods company ITC, which has risen by almost 30%. Tech consultancy TCS is LIC’s third largest holding, followed by State Bank of India and ICICI Bank. Among the largest holdings that have given double-digit returns are L&T, ONGC, Tata Motors and Dr Reddy's Lab. LIC has reduced its stake in ITC but the company's valuation there has risen above INR 80,000 crore.

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/lics-rs-10-lakh-crore-portfolio-273-stocks-11-stars-but-only-1-superstar/articleshow/100089054.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Our take on this report:

L.I.C of India is awash with funds.

And yet L.I.C of India doesn't pay arrears and dues to its resigning ex-employees!

Since 26 years!

Does anyone care about us at all?

The Government of India and the Finance Ministry of India definitely owe us an explanation!

They must ensure that we are given our dues with compound interest immediately.

"Patience has its rewards", as the old adage goes...

Will our patience pay off? 

Only the Government and the Finance Ministry of India can answer!

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Here's the feedback received for my first blog-post here:

Unknown commented on "L.I.C of India betrays its resigning employees’ Good Faith!"

Dec 24, 2015

Dear Madam
U r true. Lic is taking away the fundamental right of ex- employees.
If wage are revised and paid after a long period, this is fault of Lic not of the employees.
Either revise the pay timely or pay the renumeration to employees ( for which they have already worked so sincery.)
Gross injustice...... Can't believe how can lic do it..a organization of so repute....treating their staff this way......
Govt of India must intervene.
Plz.Be united all ex employees..... It is totally despotic and exploitative beside insulting. (Sic)