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Monday, 4 May 2020

Provision made for Contributions receivable from LIC due to wage revision due on 1/8/2017.

DO YOU KNOW?
The Balance Sheet of the LIC Employees' Pension Fund  as at 31/3/2019 reveals that Rs 502.12 cr & Rs 200.85 cr have been taken on the Assets side for the year 2018-19 & 2017-18 as Contributions receivable from LIC due to wage revision  due on 1/8/2017.
This is what I observed from the data received under RTI Act in response to my query dt 15/11/2019.
C H Mahadevan

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