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

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LIC s New Investment Policy

bution to Swatantra Party funds. Probably he had in mind Gujarati business houses with long-standing affiliation to the Congress and personal loyalties to individual Congress leaders. This is certainly not true of the major registered companies whose contributions to Swatantra party funds in pre-election year 1961 was certainly quite considerable, being more than a quarter of their contribution to the Congress. The receipts of these two parties during 1961-64 from this source, as disclosed by the balance sheets of 144 of the major registered companies with a total subscribed capital of over Rs 348 crores in 1961-62, are shown in the following table:

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