Three stories of development- How and Why Govt sell profit making PSU

Three stories of development

1-Visakhapatnam Steel Plant has 35 thousand employees, and its property is about Rs 3 lakh crore. This company earns profit of about three thousand crores annually. Modi government is selling it for only 1300 crores.

2-Life Insurance Corporation of India i.e. LIC has about one and a half lakh employees. LIC owns properties worth about seven lakh crores. LIC earns an annual profit of about Rs 50 thousand crore. Modi government will sell its 25 percent stake for 74 thousand crores, IPO will come by March next year.

3-Bharat Petroleum Corporation Limited i.e. BPCL has properties worth more than 10 lakh crores. About 5 thousand people work directly in it, while through its 7986 (seven thousand nine hundred sixth) petrol pumps and about 10 thousand LPG agencies, keep doing the math of how many people this company will employ. This company is ready to sell. This company will be sold in maximum four lakh crores.

These three stories of development will be completed by March-2022

Search on Note-Irda's website. Private insurance companies claim settlement ratio is a maximum of 62 percent.

That is, if 100 policyholders claim, private insurance companies accept only 62 people claims, 38 people are dumped.

While LIC's claim settlement ratio is 99.97 percent. That is, three out of a thousand people are like this, whose claim LIC does not settle.

You know the difference between claim and policy being matured. Here, not maturity, it is talking about clams.

This thing has been done so that if any policyholder gentleman comes to this post to support privatization, he will get a chance to think once that it may happen that he will also go on an untimely journey of infinity and here his wife in the death world. Kids have to push for claim settlement and still nothing comes in hand.