Thank you CHM sir. Your explanation is very good. But it is very late. Many in the chat column of the other blog said huge arrears of thousands and thousands crores cannot be given to retirees cannot be given without affecting policyholders and continuing it this day. you have not rebutted them effectively as you used to on many topics. Are you aware what will be the exact amount to be distributed now and excess every month and as per the actuarial report said to be with LIC/GOI? Perhaps a lakh crore or more which extends a generation cannot be amortized in 5 years. More senior More affected. Less senior Less affected in unequal society. One suggestion is GOI which is having 7 to 15 lakh crores as wind fall profit should reimburse pension fund to purchase annuities, for present and future. You are well aware GOI sold 3.5% shares for 21000 crores in IPO few years back ie.,6000 crore profit adjusting after12% return CAGR for 69 years which is norm in stock market for 78 years. GOI can sell few %age share to cover the liability instead of cumbersome ways and finish it at a stroke. Windfall profit is 96.5% shares+ Dividends got for 68 years so far+ Brand value of one lakh crore. Different methods yield different amounts. Hope you will brief your counsel GOI reimbursing pension fund on 8.10,25 and also other counsels with whom you are cordial as there is no conflict of interest. I await your opinion on this comment.
GOI need not reimburse single paisa from consolidated fund of India which requires approval of parliament. Your comment is valuable now. as 8.10.25 nears.
2 comments:
Thank you CHM sir. Your explanation is very good. But it is very late. Many in the chat column of the other blog said huge arrears of thousands and thousands crores cannot be given to retirees cannot be given without affecting policyholders and continuing it this day. you have not rebutted them effectively as you used to on many topics. Are you aware what will be the exact amount to be distributed now and excess every month and as per the actuarial report said to be with LIC/GOI? Perhaps a lakh crore or more which extends a generation cannot be amortized in 5 years. More senior More affected. Less senior Less affected in unequal society. One suggestion is GOI which is having 7 to 15 lakh crores as wind fall profit should reimburse pension fund to purchase annuities, for present and future. You are well aware GOI sold 3.5% shares for 21000 crores in IPO few years back ie.,6000 crore profit adjusting after12% return CAGR for 69 years which is norm in stock market for 78 years. GOI can sell few %age share to cover the liability instead of cumbersome ways and finish it at a stroke. Windfall profit is 96.5% shares+ Dividends got for 68 years so far+ Brand value of one lakh crore. Different methods yield different amounts. Hope you will brief your counsel GOI reimbursing pension fund on 8.10,25 and also other counsels with whom you are cordial as there is no conflict of interest. I await your opinion on this comment.
GOI need not reimburse single paisa from consolidated fund of India which requires approval of parliament. Your comment is valuable now. as 8.10.25 nears.
Post a Comment