I am a regular surfer for you site which gives really up to date information about current happenings.
YS Sisodia

BUREAUCRACY, POLITICS AND CORPORATE WORLD AT ONE PLACE
ADVERTISE ON-WHISPERSINTHECORRIDORS.COM
Contact-suresh.mehrotra@yahoo.com> & <mehrotra.suresh@gmail.co

LIC gearing up to meet challenges from pvt.sector
Life Insurance Corporation (LIC) of India is gearing up to meet challenges from increasingly aggressive private insurance companies and in this context the Chairman of LIC of India T. S. Vijayan is going to different parts of India to meet senior officers & companies agents of different Zones.In an exclusive interview with <whispersinthecorridors.com> he threw light on the company and its future.
Q.Has LIC's business shrunk by 12 per cent in the current fiscal?
A.No, the projections are varied and there is a shortfall. However, I am confident that by the time we close the year we will register a healthy growth.
Q.How is LIC planning to meet challenges from the private insurance companies?
A.LIC is India's biggest financial institution and it will continue to be so in the future. With the opening up of Insurance sector a lot of private players have come in. bringing in increased competition. Considering the fact LIC too have restructured its policies and have come up with some innovative policies. I can say with confidence that despite stiff competition from about 20 private companies LIC's market share has grown continuously. Our emphasis is to keep our customer base intact and attract new customers by improving upon policy servicing and settlement of claims. Infact, LIC has been a leader in settlement of claims settling over 10 times the claims settled by any other private insurance company in India. We aspire to win over our customer's confidence and maintain it lifelong.
Q.There is a speculation that LIC is losing business in the High Net Segment, your comments?
A.No, it may be the case in some parts of the country but when you take the scenario in-toto gives a clear picture about LIC's standing. We still are leaders catering to the High Net Segment. We have large number of customers in Rs 40 crore and above segment.
Q.What happened to the proposed credit cards LIC was to come out along with GE Money?
A.Credit cards business is obviously a tricky business. LIC had entered into a Memorandum of Understanding with GE Money for its credit card venture. However, GE Money has gone cold on the proposed venture.
Q.Will LIC go ahead alone to issue credit cards?
A.Well, we are getting proposals from several established players for a tie-up for the credit card venture. However, no decision has been taken on it as of now. Neither has LIC decided to go ahead with credit cards venture on its own.
The Indian Government is reportedly actively considering to revert to old system of giving super time scale to IAS officers after they have completed 16 years.At present super time scale is being awarded to such bureaucrats who have put in 14 years of service.
Ms Jain is Ambassador to Cote d' Ivoire
Ms Shamma Jain presently Deputy Chief of Mission in Embassy of India, Rome, has been appointed as the next Ambassador of India to Cote d' Ivoire.
Justice Radhakrishnan is new CJ of Gujarat HC
Jammu and Kashmir High Court Chief Justice K S P Radhakrishnan has been transferred as Chief Justice of the Gujarat HC.
Ashwani Rai is Labour Commission in MP
Ashwani Rai who has recently joined the Madhya Pradesh cadre has been posted as Labour Commissioner(LC)of which head quarter is in Indore. Rai is an MP cadre IAS officer of the 1990 batch. He was by default allocated Kerala cadre where he served until he joined in MP.
Pawan Shrivastava is DIG ,ATC in MP
Pawan Shrivastava, who so far was Director Culture to Madhya Pradesh Government, on his return has been posted as DIG Anti Terrorists Cell (ATC).He is an MP cadre IPS officer who belongs to the 1992 batch.
Sachdeva is new Ambassador to Cambodia
RK Sachdeva, presently Deputy Chief of Mission in the High Commission of India, Singapore, has been appointed as the next Ambassador of India to Cambodia.
Pirthi Lal joins as Addl CIT (Inv)
Pirthi Lal, an IRS officer of 1990 Batch, has joined as Additional Commissioner Income Tax (Investigation) HQ.
Dathan is Director of SDSC
M Chandra Dathan has taken over as Director of the Satish Dhawan Space Centre (SDSC) at Sriharikota.
Justice Verma to head Authority
Former Chief Justice of India J S Verma will now head the News Broadcasting Standards Authority set up by the private television broadcasters to enforce a code of ethics and broadcasting standards.
Rahul Kumar gets posting in Punjab
2000 batch IAS officer Rahul Kumar has been appointed Additional Secretary Health in Punjab.
Pushkar Bhatnagar posted back to Delhi as CIT (OSD)
Pushkar Bhatnagar CIT (A)-II, Chennai, has been posted as CIT (OSD), Delhi. The transfer has been made on medical grounds.
("We first broke out the story about a critically ill Bhatnagar fighting cancer being transferred from Delhi to Chennai on July 30,2008".)
Anil Shrivastava is Commissioner Veterinary in MP (UPDATED)
Anil Shrivastava has been posted as Commissioner Vterinary in Madhya Pradesh.So far he was Secretary Panchayat & Rural Development with the MP Government.He is an IAS officer of the 1985 batch who belongs to the MP cadre.