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Tuesday, 26 August 2025

Privatization of LIC 51% shares

Would you please publish the following message on main page for the reason already intimated?

One should ignore the sarcastic utterings of some that Family Silver should not be sold in LIC, when all PSUs and PSBs have no family silver and BSNL already sold many Real Estate assets. 

Russia and China had done it. Are we were more Socialistic than them in the past or Present/Future of any country in the world?

 Though stock market value of 96; 5% shares is nearly 5. 5 lakh shares, Rich investors are prepared to purchase 51%  shares for 10 lakh crores with management control and make it to 20 lakh in 6 years ie. , 12%  return which is average in Stock Market.  

GOI will get 4. 5 lakh crores on 49%  share when it decides privatize on any day and 9 lakh crores after 6 years to build shelters for homeless.  

Then all will wish Modi to return as PM in 2029. We should also support this idea to get arrears of Pension up gradation for those alive and even those retired from 1.9.56 to 31.10.93 like SBI and died thereafter also.---C.Namdev.      

P.S:If you wish you can edit the message for taste -CN:

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