Can LIC’s investments in public sector units hurt policyholders?

In the last five years, Life Insurance Corp. of India’s (LIC) investments in state-run banks and the government’s disinvestment programme have almost doubled, according to news reports. Moreover, of the total investments made by LIC worth ₹26.6 trillion, as of March 2019, ₹22.6 trillion went into the public sector and only ₹4 trillion went into the private sector, showed data from the Reserve Bank of India. While this may work in favour of some of the public sector undertakings (PSUs), it’s not clear how it will impact the customers of the insurer. Disha Sanghvi asks experts how this might affect…

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WV House Hosts Two Public Education Hearings

CHARLESTON, W. Va. – The House chamber was packed for the first hearing, which began at 8 Monday morning.  Dozens of educators, parents, administartors and lawmakers all debated both for and against the bill. The biggest concerns remain about school choice and items such as Education Savings Accounts and charter schools. “An attck on all educators as you work to devalue our certification and allow charter schools to hire non-certified induviduals. An attack on our already financially-strapped school systems who struggle each day,” said Jeffrey Reynolds, Mingo County Educatuion Association.…

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Social media for public employees

Social media is a virtual world that can have real-life consequences. Facebook, Twitter and other online platforms are considered public space, and controversial statements from employees can have negative effects on their employer.  The Times inquired about social media policies at local municipalities, police and fire departments, school districts and a private business. Fire department  Fire Chief Ryan Volz said they’ve had issues in the past with firefighters posting inappropriate things on Facebook. He’s gotten a few calls from residents complaining about firefighters’ online conduct.  “Being in the public eye…

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Cape Town’s water crisis is already posing a risk to public health

People queue to collect water from a natural spring in Cape Town. (AP Photo/Anwa Essop) The water crisis hitting Cape Town is increasing the danger of diseases that surge when people do not wash their hands. The four million residents of South Africa’s second-largest city are being urged to get by on 50 liters (13 gallons) of water per person per day. That leaves roughly 2 liters (0.5 gallons) a day for washing hands and brushing teeth, or roughly one-eighth the amount of water than most people consume each time they wash their hands and face.…

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Modi govt aims to revamp public health scheme, lower costs after criticism: Report

India’s health ministry has trimmed its cost estimates for extending its main public health programme by 25% after criticism from a federal think-tank over inefficiency and slow progress, according to government documents seen by Reuters. The new estimate of $25 billion for a three-year extension of the flagship health programme, down from an initial figure of about $33 billion, comes as Prime Minister Narendra Modi pushes a multi-pronged agenda to revamp health services. Planned reforms include streamlining spending and bureaucracy, slashing prices of life-saving drugs and medical devices, and nudging companies…

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Google Allo Web Client Still a Month or Two From Public Release

Google’s Web client for its smart messaging app, Allo, is still few months away from public release, according to Nick Fox, VP, Communications Products at Google. Fox last week confirmed the new timeline for Allo Web client in a tweet while replying to a user who wanted to know launch details. Fox in a tweet said, “I’m using Web client every day and loving it. Team is working hard to get it out ASAP, but we’re still a month or two from public release.” The tweet was first reported by…

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