I read the headline ‘Dairy Cow Care’ (May 19). It is no surprise that shares of Life Insurance Corporation of India are listed at a lower rate. The sale of the initial shares of the corporation, which was embroiled in a crossfire of massive government intervention and sloppy management, lasted for six days. Such a sale usually lasts three days. Despite the overwhelming publicity, the response from domestic and foreign financial institutions has been weak. The highest response from policyholders was due to 5% lower rates and heavier ads! Consumers are often misled when selling insurance products, using the same route here. Ordinary investors seem to be stuck in it right now (I’m not saying this is a hoax). And we have to see how much revenue comes from these stocks. Basically, in order to get good returns from long-term investment in the capital market, certain rules must be followed. Life Insurance Corporation lags far behind promoters, transparent financial statistics and the most important criteria of business-based decision-making.
Private insurance companies publish all the statistics every quarter. Answers to investor questions and some of them have transparency in their financial statements, so investors buy shares and raise their prices. Life Insurance Corporation did nothing. It took the company a few months before the initial sale of the shares to introduce the most crucial ‘embedded value’ to investors, and then made huge changes. Of course, the information provided by private life insurers on a quarterly basis is not available to the life insurance corporation, but is it convenient to modify it? Not only huge size, but also somewhat opaque management is feared by the savvy investors.
In addition to the best private companies in the corporation’s investment, the shares of many non-productive public companies are also reasonable. (IDBI Bank owns 20% of NPLs and dubious loans.) Despite having higher insurance rates than private companies, some of the corporation’s profit margins (VNB margins, etc.) are not good and there are many reasons. For this. One of them is that 90% or more of the corporation’s business is done through intermediaries. The higher the share of the sale (commission) to the intermediaries and the lower the return of the insured. Sales of quality private companies through intermediaries are less than 20 percent. Sales by banks and companies seem to be on the rise. The average investor gets caught up in the hype without researching these things and gets stuck here as he is stuck here. Although the finance minister, Babu Lokalu painted beautifully .. When the shares were listed, the issue came to the fore that the canvas was defective. Investors and board insurers need to learn from the virtual world.
– Ankush Maistry, Borivali (Mumbai)
It is not advisable to carry water outside the beneficial area
Anvayartha (May 18) read ‘Power of Water’. Ujani Dam in Solapur district is eight months old. Perennial crops are not allowed in the dam water for eight months. Agriculture will not receive irrigation after February 28. However, there are 23 sugar factories in Ujjain. The water supply in the city of Solapur is similar. The population of the city is about one million. According to the per capita 140 liters, the daily water requirement of the city is 140 million liters. The Solapur Municipal Corporation draws the same amount of water from Ujjain every day and pays the same amount to the Water Resources Department. If only half of the 14 crore liters of water reaches Solapur, it is the NMC’s fault if there is not enough water supply. The situation is similar in the city.
Water is an important factor in development so it involves politics. If the eight-year-old dam is used for eight months, farmers who have been affected by the drought until the end of the canal will be able to harvest at least a small crop. If the irrigation area in any project is fully irrigated and water remains, there is no difficulty in implementing the new irrigation scheme. He, however, said that it was wrong for the project to take away water from the beneficiary area without the actual cultivation and without the consent of the beneficiaries.
– Jaiprakash Sancheti, Ahmednagar
There is no apology for the intellectual laziness of voters!
‘Inactive ideology!’ Read this front page article (May 18). Ideology is not a very decisive factor for voters. This is the intellectual laziness of voters. Weak people without knowledge and qualifications cannot have a strong system like democracy. That is why today is so bad. The BJP does not fall short of this standard of activism, but this activism is being used for wrong thinking.
Voters have already decided who they like and who they don’t like. They force themselves on issues that prove their likes and dislikes are wrong. Usually (with one exception) politicians aspire for power. The onus is on voters to change them. Kaul is in their hands. For this, voters must be willing to reconsider their decision in the past with open arms and introspection. One should abandon fundamentalism and introspect. That requires thinking.
–Pramod Tawde, Dombivli
Independent ministers should be appointed where there are officials
‘Should the Planning Authority be the only one?’ Read this analysis (May 19). The Lok Sabha sought its opinion on the appointment of an independent minister to Mumbai in 1990. At that time there was only a municipal corporation. Not even the Guardian Minister. Attempts are being made to point fingers at each other as there is no control over the existing officers. The solution is to appoint an independent minister in the state where the authority is located. If this happens then the Minister and the Special Officers will be held responsible for any problem.
– Nandakishore Bhatkar, Girgaon (Mumbai)
Education should be brought to the center from the outskirts
Dr. I agree with what Prashant Bokare said in the article (May 19). The Right to Education Act 2009 gave legal form to the right of children to education. Earlier, in 2002, the 86th Amendment to the Constitution gave children the right to education. According to Neelaja, the law has only improved education in the country numerically and has not led to much qualitative development. One reason for this is that the law enforcement system remains intact.
Individuals need to be trained in education administration and grassroots teachers, but there is no hope for that. As mentioned in the article, the role of the teacher is very important. The teacher should not only be the teacher, but also helpful to the students. Education should be child-centered. Cash education of all laws and policies should be enjoyable and child-centered. That capability seems to be part of the new education system, but it will be interesting to see how it is implemented.
It is important to mention in the article about education and employment. Higher education increases unemployment. The solution is for the child to acquire the skills of that class. Must be inclined towards skills and vocational education. When a student graduates in one hand, the other hand must have the skills corresponding to that degree. The demand to bring education from the fringes to the center should also be seriously considered by planning an Indian Education Service on the lines of the Indian Administrative Service.
– Navnath G. దాప్కే, Aurangabad
The minister turns off the air conditioning?
The news (May 18) reads ‘Power outage at Mantri Bangla’. Maharashtra is currently facing unprecedented power shortage, which is a real blow to rural areas. Heavy control dries out the crop standing in the field. To prevent this, waste of electricity must be prevented. The people’s representatives must take the initiative. As part of this, all the ministers want the air conditioning system in their office to be completely shut down until the power supply is restored and it is ideal for the people.
– Ashok Affle, Kolhapur