LIC gives Ambulance support to Sahaj Marg Spirituality Foundation’s Hospital
Sri Puneet Kumar, LIC Zonal Manager, Life Insurance Corporation of India (LIC) has today handed over an ambulance to the Sahaj Marg Spirituality Foundation’s Hospital, on behalf of LIC’s Golden Jubilee Foundation, in a function held at the hospital in Chegur Village of Kothur Mandal in the outskirts of Hyderabad. The Foundation is the world’s largest meditation Center and LIC is supporting their activities by providing an ambulance through their LIC’s Golden Jubilee Foundation.
Dr Kishore Sabbu, in-charge of the Hospital received the Ambulance on behalf of the Trust. The Twenty-bed hospital has eight specialist doctors who provide medical service to the villagers of Chegur. In 30 KM radius of the village, this is the only hospital where all medical facilities are available in one place. The Trust’s hospital is providing health-care at a nominal cost and also at free of cost to the deserving. Dr Kishore Sabbu explained that at least 8 to 10 times in a month they need an ambulance to shift the ailing and this need is now fulfilled with huge support from LIC.
Sri Puneet Kumar, LIC Zonal Manager explained that looking at the large scale activities that the Foundation is undertaking for the welfare of the society, a decision is taken to support with an ambulance. He said that LIC has created LIC Golden Jubilee Foundation with initial corpus of Rs 100 Crores and is now increased to Rs 1000 Crores. The interest accrued is spent on social services activities and by way of scholarships to students.
Dr Kishore Sabbu and Br Vamsi Challagulla thanked LIC for the support given. Sri GBV Ramaiah, Sri Pramod Kumar Sahoo and other senior officials from LIC were present on this occasion.
Dated at Hyderabad on 15th October, 2024.
For further information, please contact: Regional Manager (CC),
LIC of India, South Central Zonal Office, Hyderabad.
eMail: scz_cc@licindia.com.
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Gold, silver soar as US-Iran deal hopes lift bullion demand
New Delhi (PTI): Gold prices rebounded by Rs 2,900 to Rs 1.55 lakh per 10 grams in the national capital on Wednesday, while silver climbed to Rs 2.54 lakh per kilogram as easing geopolitical tensions triggered a pullback in oil rates, boosting demand for precious metals.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity jumped by Rs 2,900, or nearly 2 per cent, to Rs 1,55,400 per 10 grams (inclusive of all taxes) from Tuesday's closing level of Rs 1,52,500 per 10 grams.
Traders attributed the surge in bullion prices to reports that Washington and Tehran are close to finalising a framework agreement to end months of conflict, raising the prospects of smoother flows through the Strait of Hormuz and easing inflation concerns tied to energy markets.
"Gold rallied strongly on Wednesday as easing geopolitical tensions triggered a sharp reversal in key macro drivers that had recently pressured precious metals," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
Silver prices also advanced for the third straight session by rising Rs 3,500, or 1.4 per cent, to Rs 2,54,500 per kg (inclusive of all taxes). The metal had settled at Rs 2,51,000 per kg in the previous session, as per the Association.
"The prospect of a diplomatic breakthrough triggered a steep decline in oil prices and the US dollar, easing concerns about inflation while boosting demand for precious metals," Gandhi said.
Globally, spot gold increased by USD 106.15, or 2.33 per cent, to USD 4,663.70 per ounce while silver gained USD 3.40, or 4.68 per cent, to USD 76.24 per ounce.
"Gold witnessed a sharp rally as markets reacted positively to reports that the US and Iran are moving closer to a one-page agreement framework aimed at ending the conflict," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.
Despite strong international gains, rupee strength limited the upside in domestic gold prices. The market is now highly focused on final confirmation and execution of the proposed deal, he added.
Any negative surprise or breakdown in negotiations could trigger a sharp sell-off in gold, while a successful agreement and sustained ceasefire could push the bullion prices higher in the near-term, Trivedi said.
