A ‘splendid’ example of Congress nepotism

In a record of sorts, for the first time in the history of LIC, the then sitting Chairman TS Vijayan was not given an extension to complete the one-and-a-half years of his remaining period of service. Worse still, a secret note of the Ministry of Finance indicates the original proposal to ideally demote him to the position of Managing Director on his completion of tenure on May 2, 2011. In fact, the Finance Ministry’s internal note quoted the Assessment Committee and, based on the available records...

Read Full Story>>