TEXT: President Patil's last address to Parliament

President Pratibha Patil on Monday addressed Parliament for the last time as President when she flagged off the Budget session. Here's the text of her speechHonourable Members I welcome you to this......

President's address to the Parliament

Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

Pending insurance claims at ombudsman office is now a thing of the past

In the last three years, the office of the insurance ombudsman here has handled about 21,000 cases till now, and has reduced the backlog in a significant manner.   A K Dasgupta,......

Don't rush to demat your policy

It might be a cheaper option, but lack of clarity is choking its growth S V Ramanan, chief executive of CAMS Repository Services, says across all insurance repositories, only 89,000 e-insurance......

LIC has biggest tax demand of Rs 7,000 crore in the country

Life Insurance Corporation of India, the largest insurer of the country, has over Rs 7,000 crore (Rs 70 billion) in tax demand pending against it, the biggest across various categories.The list of......

'Government is selling people's trust in LIC'

'The entire value of LIC is created by its shareholders because after the initial invest net of Rs 5 crores in 1956, the government has not given any additional capital to the LIC.''If the......