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After IDBI, its now IL&FS: Who will bailout LIC from embracing risky businesses it doesn’t understand?

Life Insurance Corporation of India (LIC)’s misadventures in Risky Businesses have become sort of a fait accompli for almost every stakeholder. People have stopped questioning the insurer’s investment decisions or government’s excessive use of its cash reserves to bailout every failing organisation using public money. Here’s a question to ponder: If policy holders had any […]



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This post first appeared on Tech Oasis, please read the originial post: here

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After IDBI, its now IL&FS: Who will bailout LIC from embracing risky businesses it doesn’t understand?

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