Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Congress demands PAC probe into LIC, insurance major rubbishes charges
The New Indian Express Bengaluru
|October 26, 2025
THE Congress on Saturday sought Parliament’s Public Accounts Committee to investigate the Life Insurance Corporation (LIC) following a foreign daily report that the public sector company made huge investments in Adani Group’s securities after they took a beating in the markets. However, the LIC denied the allegations as “false, baseless, and far from the truth”.
Congress general secretary in-charge of communications Jairam Ramesh alleged the savings of LIC’s 30 crore policyholders were “systematically misused” to benefit the corporate house.
The opposition party’s attack came after the Washington Post, citing internal documents, reported that Indian officials drafted and pushed through a proposal to invest about %33,000 crore of LIC funds in various Adani Group companies in May 2025.
This story is from the October 26, 2025 edition of The New Indian Express Bengaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Bengaluru
The New Indian Express Bengaluru
Youngsters seek productive service
THE wait is finally over. After three years, the Chennai Open is returning to the SDAT Stadium in Nungambakkam. As the preparations for Monday’s main draw reached its final stages, the excitement for this tournament was palpable.
1 mins
October 27, 2025
The New Indian Express Bengaluru
Carrie series wraps filming
Following the feature adaptations of Stephen King’s Gerald’s Game, The Life of Chuck, and Doctor Sleep, Mike Flanagan’s latest adaptation of King’s Carrie TV series has wrapped production.
1 min
October 27, 2025
The New Indian Express Bengaluru
How share buyback amount is taxed
Payment made by a company to buy back shares is deemed as ‘dividend income’ in the hands of shareholders
2 mins
October 27, 2025
The New Indian Express Bengaluru
Meghalaya statistician in Stanford’s top 2% scientists list for 5th yr in a row
WITH barely three months left for his retirement, a statistics teacher at St Anthony’s College in Meghalaya’s Shillong, Sanku Dey, is topping off his career by securing a place on Stanford University’s list of the top 2% of scientists in the world for the fifth year in a row.
1 mins
October 27, 2025
The New Indian Express Bengaluru
Mahindra rolls out refreshed versions of Bolero, Bolero Neo
The New Bolero Neo combines iconic toughness with urban sophistication.
1 min
October 27, 2025
The New Indian Express Bengaluru
CDS on six-day Indonesia visit to deepen security ties
TO further bolster ties between the two nations, Chief of Defence Staff (CDS) General Anil Chauhan reached Indonesia on Sunday for an official visit.
1 mins
October 27, 2025
The New Indian Express Bengaluru
Initiatives, ventures, & collaboration
From students to startups, IIM Indore is shaping a culture of creation and connection that reaches far beyond its campus
1 min
October 27, 2025
The New Indian Express Bengaluru
'Emirates NBD deal is not a sale, it is infusion of fresh equity capital'
RBL Bank, one of the first Indian banks to operate without a promoter entity, made a history last week by announcing the largest-ever foreign direct investment (FDI) in the domestic banking sector.
2 mins
October 27, 2025
The New Indian Express Bengaluru
RSS man in health trust, Congress leaders want CM to remove him
THE Congress government, which has banned RSS activities on government premises, is at the receiving end from its own party members as it has appointed an RSS man as the trustee of ‘Yeshasvini Cooperative Members’ Health Protection Trust’.
1 min
October 27, 2025
The New Indian Express Bengaluru
PRECIOUS METALS ENTER UNSURE PHASE POST-RALLY
OLD and silver prices defied expectations, hitting record highs earlier this month.
1 mins
October 27, 2025
Listen
Translate
Change font size