* CHRONICLE - PENSIONERS CONVERGE HERE, DISCUSS ISSUES OF THEIR CHOICE * CHRONICLE - WHERE EVEN THE CHAT COLUMN PRODUCES GREAT DISCUSSIONS * CHRONICLE - WHERE THE MUSIC IS RISING IN CRESCENDO !

               
                                   

Thursday, August 29, 2013

LIC buys Rs.1120 crores of equity shares off-loaded by FIIs

Rupee suffered worst fall in two decades slipping below 68 against the Dollar creating a knee jerk reaction in the stock market when FIIs dumped shares worth RS. 1120 crores and LIC stepped to buy those shares to bale out the Government from a financial mess. 
just a doubt !

A good Samaritan in deed but when it comes to pay a legitimate and lawful dues to their aging, ailing and fast dwindling  pensioners a different standard is adopted. 

Will LIC set right its own house and be a good Samaritan to its own family who slogged to bring the institution to this level of glory and reputation and once described by the Finance Minister as NAVARATHNA among the PSUs.


R.K.VISWANATHAN