Saturday, 6 January 2018

The curious case of LIC's record keeping!

Read any report pertaining to LIC. Or any advertisement. It will be filled with statistics.
But the minute an RTI appeal asks for any statistics, the same officials who rattle off statistics like professionals, develop selective amnesia and refuse to divulge them on the grounds that they are not available with them!
Thus it is proved that only the ones that don't raise uncomfortable questions are provided.
For instance, the statistics like how many employees have resigned from LIC,  what amounts have been repudiated, how much Income tax at source has not been paid to the revenue officials because of the said repudiation, amounts of Statutory retirement benefits like difference in Provident Fund and Gratuity payable due to wage revision payment; that have been repudiated.
It is a pity and a matter of grave concern that the Government chooses to turn a blind eye to this situation in spite of the fact that LIC is a reputed public authority and a Trustee of the policy-holdérs' money.
Likewise, why doesn't the media raise this issue?
Think about it.

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