Govt investing LIC money in loss-making firms, shattering people's trust: Priyanka Gandhi
New Delhi: Congress leader Priyanka Gandhi Vadra on Friday alleged that the Modi government was "shattering" people's trust in LIC by investing the state-run insurance firm's money in loss-making companies.
Taking to Twitter, she also tagged a media report which claimed that LIC has suffered losses of Rs 57,000 crore in just two and a half months.
"LIC is another name for trust in India. Common people invest their hard earned money in LIC for future security, but the BJP government is investing LIC money in loss-making companies, shattering their trust," Priyanka Gandhi said in a tweet in Hindi.
"What kind of a policy is this that has become only a loss-making policy?" she said.
The Congress on Wednesday had accused the government of "sacrificing" public money by investing in loss-making public sector units and said it was using the LIC as an instrument to meet its ends.
Senior Congress spokesperson Ajay Maken had cited an RBI report and claimed that the Life Insurance Corporation of India (LIC) has doubled its investment in "risky" public sector undertakings in the last five years from Rs 11.94 lakh crore to Rs 22.64 lakh crore.
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Advertisements case: Willing to tender public apology, Ramdev and Balkrishna tell SC
New Delhi (PTI): Yoga guru Ramdev and Patanjali Ayurved managing director Balkrishna on Tuesday told the Supreme Court they are willing to tender a public apology in the misleading advertisements case.
"I am willing to give a public apology," senior advocate Mukul Rohatgi, appearing for Ramdev and Balkrishna, told a bench of Justices Hima Kohli and Ahsanuddin Amanullah.
The apex court asked Ramdev and Balkrishna, both of whom were present in the court, to come forward for an interaction with the bench.
"They should feel they have a connect with the court," the bench said.
The hearing in the matter is underway and the bench is currently interacting with Ramdev.
Ramdev and Balkrishna have tendered an "unconditional and unqualified apology" before the apex court over advertisements issued by the firm making tall claims about the medicinal efficacy of its products.
In two separate affidavits filed in the court, Ramdev and Balkrishna have tendered an unqualified apology for the "breach of the statement" recorded in the November 21 last year order of the apex court.
In the November 21, 2023 order, the top court had noted that counsel representing Patanjali Ayurved had assured it that "henceforth there shall not be any violation of any law(s), especially relating to advertising or branding of products manufactured and marketed by it and, further, that no casual statements claiming medicinal efficacy or against any system of medicine will be released to the media in any form".
The top court had said Patanjali Ayurved Ltd is "bound down to such assurance".
The non-observance of the specific assurance and the subsequent media statements irked the apex court, which later issued a notice to them to explain why contempt proceedings be not initiated against them.
