The Life Insurance Corporation (LIC) invested more than Rs 3,600 crore last year in the tobacco industry, anti-tobacco activists and cancer specialists said today, describing the investments as ironical and unethical. Figures obtained through the right to information route by a consortium of activists and doctors show that in 2010-11, LIC had invested in shares of ITC and VST Industries and in debentures of Dharampal Satyapal Ltd, which makes chewable tobacco...

To issue biometric cards to 50 million people every year for the next four years. Unique Identification Authority of India’s (UIDAI) plan to offer a unique identification number (UID) to every resident Indian is slated to get a fillip, with the country’s largest life insurer — Life Insurance Corporation of India (LIC) — saying it is ready to offer unique identification cards to its policyholders. About a year ago, LIC had signed...

The Chhattisgarh government has been exposed for shielding IAS officer Babulal Agarwal, who is worth Rs 253 crores, with 473 bank accounts. He owns 30 companies, set up in the last 11 years and has a life insurance policy worth Rs 85 lakh in his son's name. He was raided by the vigilance department in February last year, suspended and then reinstated. Agarwal is now serving as the Secretary, Corporation, in the Chhattisgarh...

The UPA-II government introduces with BJP support two anti-labour Bills, the Pension Bill and the Labour Laws Amendment Bill. ON March 24, the United Progressive Alliance (UPA) government managed to do what it had not been able to do in its first term – it reintroduced the Pension Fund Regulatory and Development Authority (PFRDA) Bill in Parliament with the support of the Bharatiya Janata Party. The objective of the Bill is...

There can be little question that the news media, print as well as television, have contributed significantly to bringing the issue of corruption to political India's centre stage. The focus on the corruption of elections through ‘cash for votes' comes in tandem with the proactive intervention by the Election Commission of India during the April-May elections to State Assemblies. There can also be little doubt that the U.S. Embassy Cables,...