-Newsclick.inGovt is repeatedly turning to LIC for its disinvestment agenda. The insurer's NPAs have doubled since the Modi regime took over, and now there is the possibility of it Bailing out debt-ridden IL&FS. Since 2014, the Life Insurance Corporation of India (LIC) has spent, at least, Rs 48,000 crore so that the Narendra Modi government can meet its disinvestment targets.Meanwhile, the non-performing assets (NPAs) of the country?s largest insurer have...
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Fuel prices hit new high, no relief in sight for consumers -Sanjay Dutta
-The Times of India NEW DELHI: There’s no respite in sight for fuel consumers as pump prices remain on a record-breaking spree as crude clambers towards $80(approximately Rs 5,314) a barrel-mark in a market edgy over US Bailing on Iran nuclear deal, outages in Venezuela and uptick in demand. Petrol and diesel prices scaled new peaks on Tuesday as benchmark crude rose to $75(approximately Rs 5,000)a barrel, its highest since November 2014. In...
More »Bank depositors' interests will be protected, assures PM
-The Hindu Business Line Blames UPA for NPA mess; says industry bodies should have been more vigilant New Delhi: Prime Minister Narendra Modi did not mince words when he addressed industry captains at the 90th Annual General Meeting of the Federation of Indian Chambers of Commerce and Industry here on Wednesday. In a speech that lasted slightly over 45 minutes, Modi put to rest all concerns pertaining to use of individuals deposits for...
More »Crop burning: Habits die hard in Punjab, Haryana
-IANS CHANDIGARH: They have been warned, threatened with prosecution and even offered inducements. But a number of farmers in Punjab and Haryana seem disinclined to stop their environment-unfriendly bi-annual exercise of burning crop residue, cited by environmentalists as one of the prinicipal causes of dust haze and air pollution in Delhi and northern India. With the wheat harvest in both the states nearly over, authorities are attempting in whatever they can to...
More »Report accuses India-born businessman of unchecked land grabbing across continents -Jitendra
-Down to Earth Sivasankaran's land grabbing spree has threatened millions of livelihoods, says report Indian origin businessman Chinnakannan Sivasankaran has engaged in aggressive land grabbing of more than half a million hectares across Africa, Asia and South America, putting millions of livelihoods at risk. This was revealed in a detailed report released by Barcelona-based non-profit GRAIN on Tuesday. The report says Sivasankaran diverted 0.56 million hectares of food-producing land to production of palm...
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