ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Managerial Problems at LIC

 Tax Evasion THE Papers carried an interesting news item that the Direct Taxes Inquiry Committee had issued a 106-point 'Comprehensive' Questionnaire covering all aspects of black money and tax evasion. In this news item it is stated "The Questionnaire also touches on Doctors, Lawyers, Architects and other professional men who allegedly do disclose their income in full".

LIC s Investment Policy

LIC's Investment Policy Manavendra ONE of the first tasks that T A Pai, the new Chairman of LIC, has set for himself is to review the Corporation's investment policy. He has already enunciated some new policy directions in this respect, particularly as regards investment in public welfare activities. Given the fact that LIC is the repository of public savings in the form of life insurance, this slant in investment policy is entirely justified.

Excesses of Improvidence

Excesses of Improvidence Provakar Mitra THE Life Insurance Corporation started with u renewal expense ratio of 15.89 per cent (1957) and 15.46 per cent (1958), which dipped to 12.42 per cent (1961) but shot up to 14.13 per cent and later to 15.91 per cent (1966-67),
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