ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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From 50 Years Ago (15 April 2006)

reading between the lines, appears to have FROM 50 YEARS AGO the nationalisation of insurance, Government worked out a successful technique largely has come to own 18 per cent of its share with the co-operation of a select group of capital. But Sir Ramaswamy has had an insurance companies. Evidence accumulates, assurance from the Finance Minister that and Sir Ramaswamy lends his powerful weight as a major shareholder, Government has to the contention that it is high time for the no intention of influencing the day to day Finance Ministry to straighten out the invest- Vol VIII, No 15, April 14, 1956 working of the Corporation. Granted its private ment policy of the insurance companies character, it does not follow, however, that which it has taken over. To the general ICIC and Ministry the decision of its Board of Directors to complaint of the loss of influential support to of Finance withhold from the public the names of com-the Stock Exchange, Sir Ramaswamy adds a panies with whom they do business is wise more specific one. If a healthy investment (Weekly Notes) or that it will be possible to maintain this market is to be maintained and new issues secrecy in the future. Taking the industrial are not to be written off as a source for Though it handles a lot of public funds

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