The IL&FS bond toxicity contagion is spreading rapidly. The virus has now spread to a rather large body of savers, in this case insured, which coming as it does just before the general election is not good news for the government. With a concerned Trinamool Congress top gun and West Bengal Chief Minister Mamata Banerjee and Communist Party of India-Marxist (CPI-M) leader Brinda Karat both expressing their displeasure over the exposure of 15 lakh salaried employees to these highly toxic bonds in IL&FS, the emergence of Postal Life Insurance (PLI) policy holders being exposed to the same bonds directly will lead to soul searching by the government.
from Latest News https://ift.tt/2tyej4b
https://ift.tt/eA8V8J https://ift.tt/2LUVdkd
Home
Business
Business News
Business Standard
Latest News
IL&FS bond toxicity spreads rapidly, hits 4.7 million PLI policy holders
Sunday, February 24, 2019
Related Posts:
Israel: Netanyahu plots comeback even before new government sworn inWhen Netanyahu addressed parliament there were no well wishes for his … Read More
AIIMS Delhi to start screening children for Covaxin trials: SourcesAccording to sources, the recruitment for clinical trials of Covaxin a… Read More
Greaves Cotton rallies 6% on heavy volumes; stock nears 52-week highIn the past one week, the stock of Greaves Cotton has soared 18 per ce… Read More
Private equity, venture capital investments fall in May to $3.6 bn: ReportThis compares to April's $7.5 billion and the year-ago period's $5.4 b… Read More
0 comments: