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,...
More »SEARCH RESULT
Total Matching Records found : 27
Bribe scam unearthed; top LIC, bank officials held by Vinaya Deshpande
The Economic Offences Wing of the Central Bureau of Investigation has unearthed a multimillion-rupee bribery scam and arrested top officials of public sector banks and financial institutions, including the Chief Executive Officer of the Life Insurance Corporation Housing Finance Limited. On Tuesday, the CBI conducted raids in Mumbai, Delhi, Chennai, Jaipur, Kolkata and Jalandhar and seized some documents. “Five separate cases have been registered,” Joint Director P. Kandaswamy told a press...
More »LIC cuts lifeline of 38 lakh rural poor
The Union government's efforts to provide quick and quality insurance services to 38 lakh rural landless agricultural labourers in the state under the Aam Aadmi Bima Yojana (AABY) have suffered a serious setback with the Life Insurance Corporation of India (LIC) refusing to renew the scheme. The LIC's decision has not only resulted in hardships not only to the poor households over the past six months but also to the children...
More »Why Indians should fear the UID by Praful Bidwai
The Aadhaar or UID project has grave implications for every Indian. It will enable the government to profile every citizen and track their movements and transactions. There is no guarantee that intimate personal information -- pre-existing illnesses, romantic relationships etc -- won't be shared with other agencies, warns Praful Bidwai. An elaborate charade has begun with the rolling out of the first Aadhaar unique identity numbers in a tribal district of Maharashtra by...
More »IRDA fines LIC, HDFC Standard for missing rural obligation
Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed. The Insurance Regulatory and Development Authority (IRDA) has imposed a fine on LIC and HDFC Standard Life Insurance for non-compliance under the rural sector target during 2008-09, Finance Minister Pranab Mukherjee...
More »
